Impressive for a Republican according to Market Insider.
President Donald Trump's one-term presidency is officially over, with President Joe Biden becoming the 46th President of the United States on Wednesday.
With Trump's presidency officially in the books, so is the stock market's performance during his four-year term.
Here's how the stock market performed under Trump, and how it compared to previous administrations.
The Dow Jones Industrial Average returned 56% during the Trump presidency, according to LPL. This represents an annualized gain of 11.8%, which is the best performance for any Republican president since Calvin Coolidge during the roaring 1920's.
"This was still below the annualized returns of Presidents Bill Clinton and Barack Obama," LPL's Chief Market Strategist Ryan Detrick said in a note on Wednesday.
The annualized return of the Dow was 12.1% and 15.9% for Obama and Clinton, respectively.
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Posted: 12/13/2023 at 4:53PM