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Dow Grows 31% in Trump's First Year, Highest Gain Since FDR in 1933

By Michael W. Chapman | January 24, 2018 | 3:48pm EST
Presidents Donald Trump and
Franklin D. Roosevelt.
(YouTube) 

Although most of the liberal media are not reporting this, it is now a fact that the Dow Jones Industrial Average, the Dow, experienced growth of 31% in Donald Trump's first year as president, the greatest growth for a president's first year since Franklin Delano Roosevelt in 1933, some 84 years ago, reported CNBC.com

The Dow is a stock market index of 30 major publicly traded companies. It measures how the 30 companies traded on the stock market in a standard trading session. The Dow was first calculated in 1896 and is considered one of the more reliable ways to measure economic growth. Some of the 30 companies in the Dow today include Apple, Boeing, Coca-Cola, ExxonMobil, Microsoft, Nike, Visa and Walmart. 

 

In its story, CNBC reported that the 30-stock index "had surged more than 31 percent since Trump's inauguration," which "marks the index's best performance during the first year of a president since Franklin Roosevelt."

In FDR's first presidential year, 1933, the Dow soared 96.5%, according to FactSet and CNBC. In Trump's first year it rose 31.3%.

In Harry Truman's first year, the Dow grew 30.9% and under Barack Obama, first year, it rose 28%. 

(Screenshot: CNBC.com)

Baird investment strategist Bruce Bittles told CNBC, "This is all about policy. You've got lower taxes, less regulation and confidence in the economy is high. Things are firing on all cylinders."

h/t CNBC.com

 

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