What happened to the stock market during Obama's presidency?
Nov 03, 2008 · Nov. 5, 2008 — -- The stock market took a major beating today after the election of Democrat Barack Obama and Democratic gains in both the House and Senate. The Dow Jones industrial average losing almost 500 points and markets in Europe also saw drops. Initially, stocks fell as investors cashed in from a week-long rise in share prices.
Where does Obama rank among all presidents' stock market gains?
Jan 18, 2017 · Since Obama's first inauguration on Jan. 20, 2009, U.S. equities have surged 12% a year, not counting dividends, in what turned out to be the second-longest bull market in history. To put that in perspective, those price gains were nearly four percentage points per year more than domestic equities have averaged since the end of World War II.
How did the market perform during President Obama’s entire term?
Jan 18, 2019 · The economy and stock market surged in President George H. W. Bush’s first year in office. The S&P 500 climbed 27% in 1989. But then …
Was Obama's second term the second best for the stock market?
Jun 25, 2019 · Real (inflation-adjusted) gross domestic product (GDP) shrunk at an annual, seasonally adjusted rate of 8.2% in the fourth quarter of 2008, immediately prior to Obama's first inauguration on...
What was the stock market at in 2008?
| Dow Jones Industrial Average - Historical Annual Data | ||
|---|---|---|
| Year | Average Closing Price | Annual % Change |
| 2008 | 11,244.06 | -33.84% |
| 2007 | 13,178.26 | 6.43% |
| 2006 | 11,409.78 | 16.29% |
What percent did the market drop in 2008?
How much did the stock market dip in 2008?
What was the stock market in August of 2008?
| Date | Level | Ch.% |
|---|---|---|
| 08/29/2008 | 11,543.96 | -1.46% |
| 08/28/2008 | 11,715.18 | 1.85% |
| 08/27/2008 | 11,502.51 | 0.79% |
| 08/26/2008 | 11,412.87 | 0.23% |
How long did stocks take to recover from 2008?
How far did stocks fall in 2008?
How long did the 2008 housing market crash last?
How much did home prices drop in 2008?
How long did the 2008 bear market last?
...
| Start and End Date | % Price Decline | Length in Days |
|---|---|---|
| 1/4/2002–10/9/2002 | -33.75 | 278 |
| 10/9/2007–11/20/2008 | -51.93 | 408 |
| 1/6/2009–3/9/2009 | -27.62 | 62 |
| 2/19/2020–3/23/2020 | -33.92 | 33 |
What day did the stock market crash?
What was the biggest stock market crash?
What was the Dow in October 2008?
| Date | Open | Low |
|---|---|---|
| Oct 03, 2008 | 10,483.96 | 10,310.25 |
| Oct 02, 2008 | 10,825.54 | 10,439.52 |
| Oct 01, 2008 | 10,847.40 | 10,631.95 |
| Sep 30, 2008 | 10,371.58 | 10,371.42 |
What was the cause of the 2008 stock market crash?
The stock market crash of 2008 was as a result of defaults on consolidated mortgage-backed securities. Subprime housing loans comprised most MBS. Banks offered these loans to almost everyone, even those who weren’t creditworthy.
Who is Kimberly Amadeo?
Kimberly Amadeo is an expert on U.S. and world economies and investing, with over 20 years of experience in economic analysis and business strategy. She is the President of the economic website World Money Watch.
What did Obama say about the Bush tax cuts?
Obama says he wants to preserve the Bush tax cuts for families earning less than $250,000 and wants to expand tax credits for low-income families as part of his Making Work Pay program. For families making less than $250,000, Obama supports higher taxes.
What is the biggest economic issue facing the new president?
Treasury, said that the largest economic issue facing the new president is the "looming entitlement programs."
Who beat Ronald Reagan in 1984?
The previous record was a 1.2 percent gain in 1984 when Ronald Reagan beat Walter Mondale. Before 1980, the market was closed on Election Day. Talk on Wall Street switched this morning from who would win the election to how will Obama shape his administration.
Who is the chief economist of Citigroup?
Lewis Alexander, chief economist at Citigroup Inc., said earlier this week that he sees a very significant set of economic challenges for the next president. One key issue for the next president will be "getting the financial system back so that it is actually contributing to growth," he said.
What is the 90 day moratorium on foreclosures?
Obama proposed a 90-day moratorium on home foreclosures, which would give some homeowners a chance to catch up on missed payments and give the government a chance to develop a systematic plan for rewriting the terms of unaffordable mortgages for qualified homeowners.
When Did Obama Leave Office?
President Obama’s presidency ended on January 20, 2017, at 11:59 a.m. Donald Trump became the new president at noon on January 20, 2017. Donald Trump’s first term (and potentially only term) as president is slated to end on January 20, 2021, at 11:59 a.m.
What Was The Stock Market When Obama Left Office?
Now that we know when Obama’s presidency ended on January 20, 2017, we can provide an overview of where the stock market was when he left office.
Conclusion
It is easy to look at the above numbers and conclude that one president outperformed the other. However, it is much more complex than just looking at market performance and pronouncing a winner.
When did the bull market end?
A trade war with China temporarily sucked some of the air out of the market’s gains in late 2018, but it wasn’t until the coronavirus pandemic hit the United States in early 2020 that the bull market officially came to an end.
When is the S&P 500 closing?
Cumulatively, the S&P 500 gained 67% from Trump’s inauguration to the market close on Tuesday, January 19, 2021 — his last full day in office.
What was the economic crisis of 1981?
Crushed by Federal Reserve Chairman Paul Volcker’s war on inflation, the economy stumbled into a brief recession in July 1981. Unemployment spiked to nearly 11%.
When did Obama become president?
Barack Obama served as President from Jan 2009 – Jan 2017. When Obama came to office in Jan 2009, the US economy was in a deep recession, with falling real GDP, high unemployment and rising levels of government borrowing. As President, Obama oversaw a moderate fiscal expansion which helped to promote economic recovery and falling unemployment.
When did Obama pass the stimulus bill?
In 2009, shortly after coming to office, Obama passed a bill American Recovery and Reinvestment Act of 2009 – which involved $831 billion of economic stimulus – including tax cuts, unemployment benefits and infrastructure spending.
Was the US economy strong?
Compared to similar economies, the US economy was relatively strong – with an impressive decline in unemployment and reasonably strong economic growth. Despite fears over the economic stimulus package, there were no adverse consequences – there was no inflationary impact or rising bond yields.
Why is the minimum wage so low?
There are many reasons for this low wage growth – factors, such as automation, increased competitiveness due to globalisation, a decline in trades unions and a rise in monopsony power of employers.
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Aftermath
The Bottom Line
- The stock market crash of 2008 was a result of defaults on consolidated mortgage-backed securities. Subprime housing loans comprised most MBS. Banks offered these loans to almost everyone, even those who weren’t creditworthy. When the housing market fell, many homeowners defaulted on their loans. These defaults resounded all over the financial indu...