America Soaring: Trump First Since FDR To…

President Trump’s stock market rally in his first 30 days in office has been the largest of any president since Franklin Delano Roosevelt in 1945.

Since inauguration day, the Dow Jones Industrial Average has seen a 4 percent climb.

Check it out (via Wall Street Journal):

Given that continued rise in the stock market, it’s no wonder that Mr. Trump wants to take credit for it. Investor and traders say that the gains reflect hopes that Mr. Trump will enact business-friendly policies like lower corporate taxes, looser regulations and infrastructure spending

Trump’s rally ranks fifth since the DJIA was created in 1896 and third amongst first-term presidents.

The S&P 500, a newer benchmark, tells a similar story. The S&P 500 is up 3.5% since the president took office, the fifth best on record, and the biggest gains since Bill Clinton began his second term in 1997, according to WSJ Market Data Group. Mr. Trump ranks third among presidents beginning their first terms.

 

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