As the House voted on articles of impeachment against President Trump this week, US stocks climbed despite the President’s warning that “they would crash.”
According to a report from CNBC this Thursday, the S&P 500 shot up nearly 7% after House Speaker Nancy Pelosi formally announced the impeachment inquiry into Trump.
Starting with Trump’s inauguration, the Dow has risen from 19,827.3 to 25,075.1 — an increase of 26 percent. That’s impressive.
But it’s not as impressive as its performance during the equivalent period under Obama. Under Obama, the Dow increased from 7,949.1 to 10,572 — a rise of 33 percent.
In fact, the Dow’s rise was even more impressive under Obama if you start measuring at the market’s low point, on March 9, 2009, during the depths of the Great Recession. That day, the Dow closed at 6,547. Between then and Jan. 5 — a 10-month period — the Dow rose by a stunning 61 percent. That’s more than three times faster than Trump’s rise over the same period in his term.
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