> DJIA performance: +148.3%
> Served from: Jan. 20, 2009 – Jan. 20, 2017
> Months in office: 96
> Party affiliation: Democratic
When Barack Obama took office in January 2009, the U.S. economy was in freefall. Reeling from the effects of the continuing recession that had begun under his predecessor, President Bush, the Dow fell more than 9% in Obama’s first month in office. In the years to follow, the Dow climbed steadily as the economy began to slowly recover from the Great Recession.
The most notable dip in the steadily climbing DJIA occurred in the summer of 2011, halfway through Obama’s first term. That July, the debt ceiling crisis exposed the severity of the political gridlock in Washington and prompted Standard & Poor’s to downgrade the U.S. credit rating. Still, the longest economic recovery in U.S. history began during Obama’s first term, and over the course of his presidency, the Dow surged by 148.3%.
Donald J. Trump
> DJIA performance: +57.0%
> Served from: Jan. 20, 2017 – Present
> Months in office: 48
> Party affiliation: Republican
Under President Donald Trump, the Dow topped 25,000 points for the first time in history. Despite some market volatility during, and notably a panic that occurred during the early days of the COVID-19 outbreak, when the Dow declined by 35% over a month, including a 12.9% decline in a single day. The market has since recovered, even as millions of Americans remain out of work, and the DJIA’s has gained a net 57% since Trump entered office on January 20, 2017.