Trump Stock Market Underperformed Obama, Clinton

The Hill reports:

President Trump is closing out his time in office with a significant increase in the stock market, but has fallen short of stock gains seen under predecessors Barack Obama and Bill Clinton. From Trump’s inauguration day, the Dow Jones Industrial Average rose from 19,827 to 30,930 on Tuesday, a 56 percent increase.

That increase is below the 73.2 percent rise the Dow saw in Obama’s first term, or the 105.8 percent increase under Clinton’s first term. A similar trend was true for the S&P 500, which gained 67.8 percent under Trump, rising from 2,263 to 3,799. It gained 84.5 percent in Obama’s first term, and 79.2 percent in Clinton’s first term.

Read the full article.

Trump stock performance falls short of Obama, Clinton https://t.co/zmlq2FykmM pic.twitter.com/VlkBIEN8VA

— The Hill (@thehill) January 19, 2021

Trump said if Biden won “the stock market will crash.” The stock market had other ideas. pic.twitter.com/QK7tr6uAsj

— Ben White (@morningmoneyben) January 19, 2021