How Trump 2.0's stock market stacks up with predecessors
Summary
The stock market grew strongly during the first 20 months of President Donald Trump's second term, but it did a little worse than during his first term. The main U.S. stock indexes show Trump’s second term performed better than President Biden’s first term but still behind President Obama’s.Key Facts
- The S&P 500 index rose about 27.6% in the first 20 months of President Trump’s second term.
- During the same period in his first term, the S&P 500 rose 28.5%.
- Trump’s second term stock gains were better than President Biden’s first 20 months, but lower than President Obama’s.
- The Dow Jones Industrial Average increased 18.8% under Trump’s second term, compared to 33.8% in his first term.
- The Nasdaq Composite grew 35.1% with Trump’s second term, lower than 43.5% in his first term and 51.4% under Obama.
- The Russell 3000 index performed better in Trump’s second term than in his first term.
- President Trump views the stock market as an indicator of the economy, though many economists disagree with this idea.
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