Dec 21, 2017

Trump's stock market growth vs. past presidents

President Trump likes to talk about the stock market's strong performance since took office, including how the S&P 500 keeps hitting record highs. But, in terms of percentage growth, the index's performance under Trump actually lags its performance through the first 11 months of President Obama and the first President Bush.

Data: Yahoo! Finance; Chart: Chris Canipe / Axios
  • Obama also oversaw stronger percentage performance for the Dow Jones Industrial Average and NASDAQ over his first 11 months in office than has Trump, although the two inherited much different sorts of economies.

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Wall Street has its best year since 2013

Data: FactSet; Chart: Axios Visuals

Wall Street had its biggest annual gain in six years — with the S&P 500 rising 29% and the Nasdaq Composite rising 35% in 2019. The Dow lagged behind other indices, but saw its biggest yearly gain since 2017.

Why it matters: U.S. stocks rebounded from 2018's year-end meltdown to log impressive gains, despite uncertainty stemming from the trade war and a slowdown in economic growth.

S&P 500 doubled its average return under past presidents during Trump's first 3 years

Photo: Nicholas Kamm/AFP via Getty Images

The S&P 500 has had a return of over 50% during President Trump's first three years in office, more than doubling the average return of 23% at the same point in a presidential term since 1928, CNBC reports.

The big picture: The market, which hit record highs across the three major indices, got a sustained lift in 2019 after Federal Reserve Chair Jerome Powell lowered interest rates three times, the first such moves since the end of the financial crisis.

Go deeperArrowDec 26, 2019

Trump in 2008: It would have been "wonderful" if Pelosi had impeached George W. Bush

Donald Trump told CNN's Wolf Blitzer in 2008 that it would have been "wonderful" if Speaker Nancy Pelosi had moved to impeach former President George W. Bush because he said "all sorts of things that turned out not to be true" about the war in Iraq.

Why it matters: Trump's feelings about Bush over a decade ago are a far cry from the letter he sent Pelosi on the eve of his own impeachment, calling the inquiry against him an "illegal, partisan attempted coup" and alleging that "more due process was afforded to those accused in the Salem Witch Trials."

Go deeperArrowDec 18, 2019