Dec 31, 2017

Trump claims he's why stocks are up since election

Sunday morning, President Trump tweeted that stocks "would be down 50% from values on Election Day" had Hillary Clinton won last November. Since Election Day 2016, the S&P 500 has grown 24% and the Dow Jones Industrial Average has soared 33%.

Reality check: It's not clear how Trump arrived at that figure. While the markets took off following Trump's election, the S&P 500 and Dow Jones had both seen positive growth in the years prior to the election under his predecessor Barack Obama.

Data: Yahoo! Finance; Chart: Chris Canipe / Axios
Data: Yahoo! Finance; Chart: Chris Canipe / Axios
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