How Trump 2.0's stock market stacks up with predecessors
Data: Financial Modeling Prep ; Chart: Erin Davis/Axios Visuals The stock market soared during the first 20 months of President Trump's second term, but slightly underperformed the same period of his first term. Why it matters: Trump considers the stock market to be a proxy for the economy, even though many economists disagree. By the numbers: The S&P 500 rose nearly 27.6% between inauguration…
During the initial two years of former President Trump's second term, the U.S. stock market experienced robust growth, yet it trailed behind the equivalent period of his inaugural term. This performance disparity has significant implications for how Trump perceives the economy, a notion that contradicts the views of many economists.
In terms of the S&P 500, the stock index rose by 27.6% from inauguration day to the close of the 20-month period in question. This figure is slightly lower than the 28.5% growth that occurred during Trump's first term. However, this gap narrows when compared to the performance at the one-year mark, where Trump 2.0 outperformed former President Biden but still fell short of former President Obama.
The same trend is evident when examining the performance of the Dow Jones Industrial Average and Nasdaq Composite. Trump 2.0 recorded a 18.8% increase in the Dow Jones, trailing behind Biden's negligible gain of 0.3% and Obama's 28.1%. Similarly, the Nasdaq Composite saw a 35.1% growth during Trump's second term, which is less than Biden's -12.6% decline and Obama's impressive 51.4% increase.
Written by urgent.news from Axios's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
