President Donald Trump has just hit his 100th day in office — and he’s broken yet another record.
The Dow Jones Industrial Average has recorded its best performance in the postwar era under a first-term president when measured from Election Day through the 100th day in office.
The Dow has rallied 14.22% since Trump’s stunning Nov. 8 election victory over Democratic rival Hillary Clinton after a campaign promising a raft of Wall Street–friendly policies, including tax cuts, deregulation and a boost in infrastructure spending. (The S&P 500 index has gained about 11.6% over that period, while the Nasdaq Composite Index has climbed 16.5%.)
For first-term presidents overall, including those before World War II, Trump ranks fourth, trailing Democrat Franklin Delano Roosevelt and Republican presidents Calvin Coolidge and Herbert Hoover.
Democrat Bill Clinton’s second term in office places him first among postwar presidents for returns on the 120-year-old equity benchmark, which rose roughly 14.48% from his election victory in 1992 through his first 100 days in office — mostly due to the “Contract with America” legislation Newt Gingrich pushed when he was Speaker of the House.
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