What the Stock Market Did Under Every President in the Last 100 Years

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12. Donald J. Trump
> DJIA performance: +19.2%
> Served from: Jan. 20, 2017 – Present
> Months in office: 23
> Party affiliation: Republican

Under President Donald Trump, the Dow topped 25,000 points for the first time in history. Investor confidence under Trump has been boosted by strong fundamental conditions and likely the president’s pro-business agenda. The U.S. economy has added jobs in the last 98 consecutive months, and the unemployment rate now stands at 3.7%, the lowest level since the 1960s.

However, in recent months, the stock market has been been markedly volatile. Following a selloff experts attribute to fears over escalating trade tensions with China and anticipated interest rate hikes, the Dow now stands below 24,000. Since Trump took office, the Dow has climbed by 19.2%.

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11. Warren G. Harding
> DJIA performance: +23.4%
> Served from: March 3, 1921 – Aug. 2, 1923
> Months in office: 29
> Party affiliation: Republican

The first president elected to office after WWI, Warren Harding served during a post-war economic boom. Harding also enacted several significant economic and social changes, including lower taxes, increased tariffs, and strict immigration restrictions. Though his administration is now remembered for its numerous scandals, the Dow climbed 23.4% from his inauguration until his death in office, a little more than two years later.

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10. Lyndon B. Johnson
> DJIA performance: +26.1%
> Served from: Nov. 22, 1963 – Jan. 20, 1969
> Months in office: 62
> Party affiliation: Democrat

Along with Bill Clinton, Lyndon Johnson is one of only two post-WWII presidents to lead over steady, uninterrupted unemployment improvement. Due in part to his major policy implementations aimed at creating a “Great Society” — in addition to the escalating war in Vietnam — government hiring picked up during Johnson’s White House tenure. Under Johnson, the unemployment rate fell from 5.5% to 3.4%. Over the same period, the stock market made significant gains, with the Dow climbing 26.1%.

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9. Gerald R. Ford
> DJIA performance: +40.6%
> Served from: Aug. 9, 1974 – Jan. 20, 1977
> Months in office: 29
> Party affiliation: Republican

The stock market performed relatively well under President Gerald Ford, despite high unemployment and inflation. In the 29 short months of Ford’s presidency, the Dow climbed by 40.6%. Under Ford, major changes came to equity markets. On May 1, 1975 — now commonly known on Wall Street as May Day — the Securities and Exchange Commission eliminated fixed commissions for stock trading. Before this change, investors all paid the same fee for every trade, no matter how large. After this change, with fees set by competition, investing became a viable option for more of the population.

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8. George H. W. Bush
> DJIA performance: +41.3%
> Served from: Jan. 20, 1989 – Jan. 20, 1993
> Months in office: 48
> Party affiliation: Republican

President George H. W. Bush presided over some of the most seismic geopolitical shifts in history. During Bush’s time in office, the Berlin Wall fell and Germany was unified, the Soviet Union collapsed, and the Cold War ended. Also under Bush, Iraq was swiftly and successfully driven from Kuwait by American forces during the Gulf War.

Due to a brief recession and apparent neglect of pressing domestic issues, Bush was a single-term president. Still, the stock market performed relatively well under him. During his four years in office, the Dow climbed 41.3%.