Which president has had the best stock market results?
Obama: +82%. Trump: +30%. Across the board, Barack Obama has had better stock market results in his first two years as President than Donald Trump.
Was Obama better at the stock market than Trump?
Across the board, Barack Obama has had better stock market results in his first two years as President than Donald Trump. The starkest differences are in large-cap stocks and growth stocks, as the returns in the S&P 500 and the Nasdaq in Obama’s first two years were more than double the run-up in those indexes in Trump’s first two years.
What were the best stocks to buy during the Obama administration?
The top-performing sector of the Obama stock market was the consumer discretionary sector, which returned 338%, or 20% annualized, according to FactSet Research Systems. The sector was driven by hot stocks like Under Armour and L Brands.
What happened to the stock market during Obama's presidency?
Despite its inauspicious economic beginnings, the Obama administration has overseen an impressive upswing in the stock market. As of the end of Obama's term on January 20, 2017, the Dow Jones had more than recovered from its January 2009 slump, resting nicely at 19,732.40 for the day, more than double what it was on inauguration day.
See more
When did the stock market peak in 2008?
Index levelsDateDow JonesNotesOctober 9, 200714,164.53The day the DJIA and S&P 500 peaked.October 31, 200713,930.01The day the NASDAQ peaked.January 2, 200813,043.96June 27, 200811,346.51The day the bear market declared.6 more rows
What is the record high for the stock market?
The Dow Jones Industrial Average DJIA rose 214.59 points, or 0.6%, to close at an all-time high of 36,799.65, after it established an intraday record at 36,934.84.
What was the highest stock market in 2015?
Stock market performance in mid-2015 The DJIA closed at a record 18,312 on May 19, 2015, before slowly falling to a low of 17,504 and then partially recovering to its secondary closing peak of 18,102 on July 16.
Why is the stock market so high in 2021?
Throughout 2021, the Fed kept interest rates near zero and continued pumping billions of dollars into markets each month—measures that encouraged investors to seek out higher-returning assets, like stocks, and contributed to higher inflation.
How much has the stock market dropped in 2022?
The S&P 500 index edged 0.9 percent lower Thursday to bring its 2022 losses to 20.6 percent. The tech-heavy Nasdaq, which fell 1.3 percent, has tumbled nearly 30 percent this year, while the Dow Jones industrial average's 0.8 percent drop put its year-to-date decline near 15 percent.
Will the stock market go up in 2021?
The S&P 500 stock index had a great run in 2021, rising more than 25 percent — on top of its 16 percent gain during the first year of the pandemic. The index hit 70 new closing highs in 2021, second only to 1995, when there were 77, said Howard Silverblatt, an analyst at S&P Dow Jones Indices.
What was stock market in 2008?
The stock market crash of 2008 occurred on September 29, 2008. The Dow Jones Industrial Average fell by 777.68 points in intraday trading. Until the stock market crash of March 2020 at the start of the COVID-19 pandemic, it was the largest point drop in history.
What happened on 24th August 2015?
August 24, 2015: 1,624 points Sensex recorded its worst fall in history on a closing basis riding on a slump in Chinese markets and spooked by rising crude oil prices. Shanghai shares slumped more than 8 per cent, leading to a worldwide rout on the ominous day.
The mobile revolution keeps moving forward
Several of the companies above have benefited greatly from advances in technology over the past eight years, but they've taken different approaches toward capitalizing on their opportunities. For Priceline and Expedia, gains stemmed largely from the perception in 2009 that the travel world had changed forever.
Finding other ways to thrive
Yet some companies have found ways to fight back against the domination of online alternatives. Ulta Salon has counted on the desire of its customers to visit its stores, producing an in-store salon experience that complements its vast array of beauty and other products well.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
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.
A Presidential Comparison
Investors should be very careful about drawing conclusions from election or inauguration day performance because there isn't enough data. For example, except for Franklin Roosevelt, the maximum number of inauguration days for any president is two, which is too small for statistical analysis.
Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.
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%.
How did the S&P 500 decline under Bush?
The S&P 500 declined 40% under Bush, the worst among modern administrations. Bush inherited the dotcom bust, which spawned the 2001 recession. The downturn was deepened by the 9/11 terror attacks. Growth gathered steam in 2004 and 2005, fueled in part by low interest rates and the housing boom.
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 did the stock market bottom out?
The stock market bottomed out in March 2009, but then the economy slowly healed, beginning what would eventually become the longest bull market in American history. Digging out of the depths of the Great Recession was a long and slow process, though. Annual GDP growth never topped 3% in the Obama era.
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.
Does Biden put much emphasis on stocks?
Unlike his predecessor, incoming President-elect Joe Biden does not put nearly as much emphasis on stocks as a gauge of the country’s strength or wellbeing. “The idea that the stock market is booming is his only measure of what’s happening,” Biden said of Trump in the final presidential debate in October.
Who was the first president to go into recession?
Ronald Reagan. President Ronald Reagan’ s first four years in the White House weren’t particularly lucrative for Wall Street. 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%.
What To Do Now? How to Invest During the Coronavirus Recovery
Turbulent times out there for sure, although some signs of stability are starting to return. So for the savvy investor, this is an opportune time to take advantage of the great deals out there. The trick is getting your portfolio through it in one piece. How do you do it? Here’s what several of our analysts and market experts recommend.
Financial News, Stock Tips, and Investing How-Tos
Investment analyst and Chief Analyst of Cabot Wealth Daily, Chris Preston brings you all the latest from the investing world. Sign up to get updates and breaking news delivered FREE to your inbox. Get unlimited access to our library of complimentary investing reports.
What were the big winners of the Obama years?
The big stock winners of the Obama years were a beauty store chain, a shopping mall owner, Netflix and consumer discretionary companies like Under Armour. The losers were companies linked to oil and gas as commodities prices plunged.
Who developed the drug Eylea?
Billionaire Leonard Schleifer’s Regeneron developed a drug to treat eye disease age-related macular degeneration, Eylea, which produced $4.09 billion in 2015 sales. The drug was approved by the Food & Drug Administration during Obama’s first term and Regeneron’s stock has surged by 2,294% while Obama has been in office.
Is Obama a solar advocate?
Obama has long been an advocate of renewable energy and has particularly promoted solar energy. With the Obama Administration providing solar subsidies, investors rushed into solar stocks, but they have largely been disappointed by the results as those subsidies faded.
How much has the DJIA increased in the last eight years?
The DJIA had risen to 19,732 over the course of his term. That’s roughly a 150 percent increase in eight years. Uncertainty still loomed, however. Donald Trump’s unexpected victory over Democratic candidate Hillary Clinton was a surprise to many Americans.
When did Obama take office?
President Barack Obama first took office on Jan. 20, 2009. The Dow Jones Industrial Average (DJIA) had been in a bit of a slump since the 2008 economic recession and credit crisis. The DJIA stood at a paltry 7,949.09, which made the lowest inaugural performance since the Dow was created in 1896.
When will the DJIA be sworn in?
economy may be on the rise again, but as the virus persists into the fall and winter months, it remains to be seen what the DJIA will look like when the new president is sworn into office in January 2021. Advertisement.