The Market Reacts to the Election of Donald Trump

1st Quarter 2017

In one surprise after another, and against all predictions, the equity markets reacted positively to the election of Donald Trump. Fueled by an improving economy and hopes for more business-friendly policies under a new President, the Dow Jones Industrial Average (DJIA) overcame its worst-ever start to a year and posted its best performance since 2013. The DJIA rose 13.4% for the year, the S&P 500 (S&P) increased 9.5%, and the NASDAQ Composite (NASDAQ) gained 7.5%. Both the S&P and the NASDAQ notched their best gains since 2014. Last year's rally extends the bull market that has tripled the DJIA averages from the crisis years of the Great Recession.

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