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.
Did the stock market ‘nearly triple’ under Obama?
FACT CHECK: Did The Stock Market ‘Nearly Triple’ Under Obama? After Trump tweeted Tuesday about record highs set by the Dow, former senior advisor to President Barack Obama, David Axelrod, claimed that despite those highs, the stock market had “nearly tripled” under the Obama administration.
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.
Did the President predict stocks to bottom out?
In the midst of the Great Recession, the president basically called the exact point where stocks bottomed out. It's a difficult prediction for any investment professional to make correctly, let alone a president.
What did Obama do for the country?
Major acts and legislationResponding to the Great Recession. American Recovery and Reinvestment Act of 2009. ... Wall Street reform. Credit CARD Act of 2009. ... Taxation and spending. Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. ... 2013 debt ceiling crisis and government shutdown.
What did the Dow Jones close at on january 20th 2009?
When Barack Obama took Presidential office on Jan. 20, 2009, the Dow Jones Industrial Average (DJIA) continued its credit crisis slump and fell to 7,949.09, the lowest inaugural performance (as measured by percentage drop) for the Dow since its creation in 1896.
Who opposed Obama in 2008?
The Democratic ticket of Barack Obama, the junior senator from Illinois, and Joe Biden, the senior senator from Delaware, defeated the Republican ticket of John McCain, the senior senator from Arizona, and Sarah Palin, the governor of Alaska.
How old is Obama today?
60 years (August 4, 1961)Barack Obama / Age
What was the stock market at on January 20th 2016?
On January 20, 2016, due to crude oil falling below $27 a barrel, the DJIA closed down 249 points after falling 565 points intraday.
What was the Dow Jones on January 19 2009?
10,725.43New York's Dow Jones industrial average jumped 115.78 points to 10,725.43, while the Nasdaq composite index rose 32.41 points to 2,320.4 and the S&P 500 index was ahead 14.2 points to 1,150.23.
What was Obama slogan in 2008?
Obama's campaign used the slogan "Change we can believe in" and the chant "Yes We Can". The latter slogan is shared with the United Farm Workers and associated with its founder Dolores Huerta and is well known amongst Latinos in its Spanish form Sí se puede.
What was Hillary Clinton's position in the Obama administration?
Hillary Clinton served as the 67th United States Secretary of State, under President Barack Obama, from 2009 to 2013, overseeing the department that conducted the foreign policy of Barack Obama.
What was Barack Obama's presidential campaign motto?
"Hope" – 2008 U.S. presidential campaign slogan of Barack Obama during the general election.
Which country is home to the city of Obama and Obama Bay?
Obama (小浜市, Obama-shi) is a city located in Fukui Prefecture, Japan....Obama, Fukui.Obama 小浜市PrefectureFukuiGovernment• – MayorToshio MurakamiArea23 more rows
Who is the youngest president to take office?
The youngest to become president by election was John F. Kennedy, who was inaugurated at age 43. The oldest person to assume the presidency was Joe Biden, who took the presidential oath of office 61 days after turning 78.
Who did Barack Obama run against in 2012?
Obama sought re-election for a second term in 2012, running virtually unopposed in the Democratic primaries. His opponent in the general election was former governor of Massachusetts Mitt Romney. Obama won 332 electoral votes, defeating Romney who gained 206.
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 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.
What To Do Now? How to Invest During the Coronavirus Recovery
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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.