President Donald Trump has been doing a lot of bragging about the stock market rally lately. How does it measure up?
By some measures, the rally that took place during Mr. Trump’s first 30 calendar days in office has been the largest for any president’s first month on the job since 1945. Since inauguration day on Jan. 20 through Friday, the Dow Jones Industrial Average climbed more than 4%.
That’s the biggest gain over the first 30 days of a presidency since Franklin Delano Roosevelt was inaugurated for is final term 72 years ago, according to WSJ Market Data Group. During that period, the Dow rallied 4.1% to 159.01 points.
The S&P 500, a newer benchmark, tells a similar story. The S&P 500 is up 3.5% since the president took office, the fifth best on record, and the biggest gains since Bill Clinton began his second term in 1997, according to WSJ Market Data Group. Mr. Trump ranks third among presidents beginning their first terms.
President Trump is sticking to one promise, to make America a great again!