Blog

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

 

CNSNews Reader,

The media are hard at work weaving a web of confusion, misinformation, and conspiracy surrounding the COVID-19 pandemic.

CNSNews covers the stories that the liberal media are afraid to touch. It drives the national debate through real, honest journalism—not by misrepresenting or ignoring the facts.

CNSNews has emerged as the conservative media’s lynchpin for original reporting, investigative reporting, and breaking news. We are part of the only organization purely dedicated to this critical mission and we need your help to fuel this fight.

Donate today to help CNSNews continue to report on topics that the liberal media refuse to touch. $25 a month goes a long way in the fight for a free and fair media.

And now, thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, you can make up to a $300 gift to the 501(c)(3) non-profit organization of your choice and use it as a tax deduction on your 2020 taxes, even if you take the standard deduction on your returns.

— The CNSNews Team

DONATE

Connect

Sign up for our CNSNews Daily Newsletter to receive the latest news.