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The S&P500 reached record highs 118 times during the Obama presidency. [144] The stock market, measured by the Dow Jones Industrial Average, fell from its October 9, 2007 pre-crisis peak of 14,164.53 to 6,594.44 on March 5, 2009. It regained the pre-crisis peak on March 5, 2013, closing at 14,253.77.
The S&P 500 rose nearly 24% during Trump’s first year in office. But here’s a surprise: It did even better during President Obama’s first year, rising 35.3%.
In November 2020, The Washington Post cited a study by CFRA Research that the stock market (as measured by the S&P 500) averaged the following annual rates of return, under different control scenarios, from 1945 to September 2020: [24] Democratic president with split Congress: 13.6%; Democratic president with Republican Congress: 13.0%
Stock market investors: Down 8%. Since the first week of April 2007, the S&P 500 is down 8%. But since Obama took office, stocks have skyrocketed an average of 26.5% a year.
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The stock market fell to its lowest level of the recession nine years ago on March 6, 2009 -- and three days earlier, Obama made quite the prediction.
US government debt grew from 52% of GDP when Obama took office in 2009 to 74% in 2014, with most of the growth in debt coming between 2009 and 2012. [125] In 2010, Obama ordered the creation of the National Commission on Fiscal Responsibility and Reform (also known as the "Simpson-Bowles Commission") in order to find ways to reduce the country ...
There's a long way to go until President Obama hands over the reins of power in January 2017. But as of right now, his presidency will go down as one of the best for stock.