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Dow hits 40,000 for the first time as bull market accelerates

www.cbsnews.com Dow hits 40,000 for the first time as bull market accelerates

Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.

Dow hits 40,000 for the first time as bull market accelerates
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  • 31,188.38 the day Uncle Joe was sworn in, so +8,811.62 - 28.25% of what he started with.

    By point of comparison:

    Trump:
    1/20/2017 - 19,827.25
    5/15/2020 - 23,685.42
    +3,858.17 - 19.46% of starting value.

    Obama 1st Term:
    1/20/2009 - 7,949.09
    5/16/2012 - 12,598.55
    +4,649.46 - 58.49% of starting value.

    Obama 2nd Term:
    1/22/2013 - 13,712.21
    5/16/2016 - 17,710.71
    +3,998.5 - 29.16% of starting value.

    Source:
    https://finance.yahoo.com/quote/^DJI/history/?period1=694362600&period2=1715877818

    • That’s interesting. On average the stock market rises ~8%/yr so only Obama’s 1st term outpaced. Biden just kept up. Trump … well, lol.

      • And Obama's first term was a normalization of the market after it went in the absolute shitter under W:

        W. Bush 1st term:
        1/22/2001 - 10,578.24
        5/17/2004 - 9,906.91
        -671.33 - (-6.35%) of start.

        W. Bush 2nd term:
        1/20/2005 - 10,471.47
        5/16/2008 - 12,986.80
        +2,515.33 - 24.02% of start.

        But that gain of 2.5K was as of MAY, by the time Bush was out it was 7,949.09. A drop of 2,522.38 from where he started the term, and 5,037.71 from that May number.

        Before Obama could do anything, it bottomed out at 6,547.05 on March 9th, the stimulus package had just become effective less than a month before on 2/17/2009.

39 comments