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The Dow’s biggest surge came under this president
Gain on Coolidge’s watch topped the jumps during Obama, Clinton eras
An earlier version of this report linked the second-largest Dow drop to the wrong president.
The sun rises behind the White House.
As President Trump settles into his new job, analysts are reflecting on how the Dow industrials surged and slumped under his 44 predecessors.
Who oversaw the biggest gain for blue-chip stocks?
MarketWatch and others have written about stocks generally faring better when there’s a Democrat in the White House, but the crown goes to a Republican, Calvin Coolidge.
Bespoke Investment Group has created the chart below showing the Dow Jones Industrial Average’s DJIA, -0.14% rise of 252% on Coolidge’s watch.
Coolidge took office in August 1923 after President Warren Harding’s sudden death and served until March 1929, when Herbert Hoover was sworn in.
The Vermont native occupied the White House during the exuberant Roaring Twenties. “Silent Cal” later acknowledged that he bore some responsibility for the Great Depression that began in late 1929, just a few months after he left the White House.
Read: Here’s an apolitical reason Trump won’t deliver Obama-sized stock gains
And see: How stocks perform in a new president’s first 100 days
Five other presidents saw triple-digit percentage gains for the Dow during their terms: Democrats Bill Clinton (227%), Franklin Roosevelt (197%) and Barack Obama (148%), along with Republicans Ronald Reagan (135%) and Dwight Eisenhower (120%).
What about the biggest slumps?
Coolidge’s successor Hoover, a Republican, experienced the largest-ever Dow drop (-83%), according to Bespoke’s data.
The second- and third-biggest falls also occurred under Republicans, with George W. Bush seeing a tumble of 22% and Richard Nixon, a 16.5% decline.
This story was first published on Jan. 23, 2017.
The Dow’s biggest surge came under this president
Gain on Coolidge’s watch topped the jumps during Obama, Clinton eras
An earlier version of this report linked the second-largest Dow drop to the wrong president.
The sun rises behind the White House.
As President Trump settles into his new job, analysts are reflecting on how the Dow industrials surged and slumped under his 44 predecessors.
Who oversaw the biggest gain for blue-chip stocks?
MarketWatch and others have written about stocks generally faring better when there’s a Democrat in the White House, but the crown goes to a Republican, Calvin Coolidge.
Bespoke Investment Group has created the chart below showing the Dow Jones Industrial Average’s DJIA, -0.14% rise of 252% on Coolidge’s watch.
Coolidge took office in August 1923 after President Warren Harding’s sudden death and served until March 1929, when Herbert Hoover was sworn in.
The Vermont native occupied the White House during the exuberant Roaring Twenties. “Silent Cal” later acknowledged that he bore some responsibility for the Great Depression that began in late 1929, just a few months after he left the White House.
Read: Here’s an apolitical reason Trump won’t deliver Obama-sized stock gains
And see: How stocks perform in a new president’s first 100 days
Five other presidents saw triple-digit percentage gains for the Dow during their terms: Democrats Bill Clinton (227%), Franklin Roosevelt (197%) and Barack Obama (148%), along with Republicans Ronald Reagan (135%) and Dwight Eisenhower (120%).
What about the biggest slumps?
Coolidge’s successor Hoover, a Republican, experienced the largest-ever Dow drop (-83%), according to Bespoke’s data.
The second- and third-biggest falls also occurred under Republicans, with George W. Bush seeing a tumble of 22% and Richard Nixon, a 16.5% decline.
This story was first published on Jan. 23, 2017.
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