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.
Where does Obama rank among all presidents' stock market gains?
Among all presidents, the market's annualized gain under Obama ranks third behind Clinton and Gerald Ford -- although Ford presided over less than a single term.
How did the market perform during President Obama’s entire term?
You can see impressive gains above from when President Obama left office in January 2017 to the end of Trump’s four years in office. An Investment in the Nasdaq resulted in the best return of well over 142%. Let’s now take a look at how the market performed over President Obama’s entire term in office.
Was Obama's second term the second best for the stock market?
The stock market's performance in the two terms under Obama represents "the second best run under a Democrat president," trailing only the 14.9% annual gains under Bill Clinton in the 1990s, according to Sam Stovall, chief investment strategist for the market research firm CFRA.
What President crashed the stock market?
The 1920s were a period of optimism and prosperity – for some Americans. When Herbert Hoover became President in 1929, the stock market was climbing to unprecedented levels, and some investors were taking advantage of low interest rates to buy stocks on credit, pushing prices even higher.
What stock does Obama have?
Accordingly, some of the top stocks to consider in the portfolio of Obama include Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Apple Inc. (NASDAQ:AAPL), among others discussed in detail below. The fund has returned 16.60% over the past ten years.
What was the Dow average on Election day 2016?
The former vice president held a bigger lead than Hillary Clinton had in 2016, before her surprise loss to Trump. After popping 300 points at the open, the Dow Jones industrial average closed the day up more than 550 points, slightly more than 2 percent, at 27,480.
When did the stock market peak in 2008?
Index levelsDateNasdaqNotesOctober 9, 20072,803.91The day the DJIA and S&P 500 peaked.October 31, 20072,859.12The day the NASDAQ peaked.January 2, 20082,609.63June 27, 20082,315.63The day the bear market declared.6 more rows
What was the stock market on January 19 2017?
Those gains are gone. On January 19, 2017, the day before Trump took office, the Dow Jones Industrial Average closed at 19,804.72.
What was the stock market at in 2008?
Dow Jones - 10 Year Daily ChartDow Jones Industrial Average - Historical Annual DataYearAverage Closing PriceAnnual % Change200811,244.06-33.84%200713,178.266.43%200611,409.7816.29%67 more rows
What was the Dow on November 8 2020?
How did stock indexes perform? The Dow Jones Industrial Average DJIA, +0.64% rose 274.17 points, or 0.8%, to close at 34,754.93, leaving the blue-chip gauge up 5.5% for the week.
What has the stock market done in 2020?
In the US, the Dow Jones Industrial Average closed down an additional 10%, the NASDAQ Composite closed down 9.4%, and the S&P 500 closed down 9.5%.
What was S&P November 2016?
S&P 500: 2,131.52, +46.34, (+2.22%)
How long did it take the market to recover from 2008?
The S&P 500 dropped nearly 50% and took seven years to recover. 2008: In response to the housing bubble and subprime mortgage crisis, the S&P 500 lost nearly half its value and took two years to recover. 2020: As COVID-19 spread globally in February 2020, the market fell by over 30% in a little over a month.
How much did the stock market drop in 2008 and 2009?
Much of the decline in the United States occurred in the brief period around the climax of the crisis in the fall of 2008. From its local peak of 1,300.68 on August 28, 2008, the S&P 500 fell 48 percent in a little over six months to its low on March 9, 2009.
What caused the 2008 stock market crash?
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.
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 Great Recession start?
Stock market under Obama. The Great Recession officially started in December 2007, about a year before Obama became President and two months after the Dow 30 Industrials hit an all-time high of 14,165. The Dow then fell over 50% to 6,547 in March 2009, which was three months before the recession officially ended in June.
When did earnings move higher?
After the stock markets recovered from the downturn created by the Great Recession, from 2009 to 2012 earnings moved consistently higher until 2014. This led to 50 and 38 record highs in 2013 and 2014, respectively.
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.
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 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 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.
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 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.
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%.
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.
How much has the Dow risen since Trump's election?
The Dow has risen 39% since Trump’s election, while under Obama it increased 35% and 65% from the low point in February 2009. Note that in the last 16 minutes of trading on Friday the Dow increased 643 points.
How long has the Dow 30 been wiped out?
Almost exactly two years ago on February 27, 2018, the Dow 30 Industrials closed at 25,410, which means all the Dow gains of the past two years have been wiped out in just over two weeks and the market has incurred the fastest 10% plus decrease in history.
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