Wednesday, February 22, 2017

‘Trump Bump’ for Dow Industrials Is Biggest Post-Inaugural Move Since FDR

Via Billy

President Donald Trump has been doing a lot of bragging about the stock market rally lately.

How does it measure up?

By some measures, the rally that took place during Mr. Trump’s first 30 calendar days in office has been the largest for any president’s first month on the job since 1945. Since inauguration day on Jan. 20 through Friday, the Dow Jones Industrial Average climbed more than 4%.

That’s the biggest gain over the first 30 days of a presidency since Franklin Delano Roosevelt was inaugurated for is final term 72 years ago, according to WSJ Market Data Group. During that period, the Dow rallied 4.1% to 159.01 points.

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