Through presidential crises, stock market soars with businessman in White House
The stock market has rallied and roared since Americans for the first time sent a billionaire businessman to the White House, with the Dow Jones industrial average setting 62 record-high closings since the Nov. 8 presidential election.
Nothing has seriously discouraged investors — not the most deadly shooting rampage in modern U.S. history, not a series of devastating hurricanes, not the threat of North Korea’s nuclear weapons nor Congress‘ repeated failures to repeal Obamacare.
It didn’t dent the dizzying market gains.
The Dow has had two winning streaks this year lasting more than 10 days — a feat not seen since 1959. The Dow also matched the 1955 record for three nine-day runs, World Money Watch President Kimberly Amadeo said in a report for the Balance, an online business publication.
Since the election, the Dow is up 24.23 percent, the S&P 500 is up 19.28 percent and the Nasdaq is up 26.8 percent. President Trump touted the figures in a Twitter post.