President Donald Trump Just Made Dubious Stock Market History
No other president over the last 75 years has come close to duplicating this feat.
For more than a century, no asset class has delivered a higher average annual return than stocks. But this doesn't mean the stock market moves from Point A to B in a straight line.
Over the last six weeks and change, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), widely followed S&P 500 (SNPINDEX: ^GSPC), and growth-centric Nasdaq Composite (NASDAQINDEX: ^IXIC) have taken the elevator lower.
Since Feb. 19, which is when the S&P 500 hit its all-time closing high, the Dow Jones, S&P 500, and Nasdaq Composite have respectively tumbled by 9.2%, 12.2%, and 17.5%. You'll note the double-digit percentage declines in the S&P 500 and Nasdaq places both firmly in correction territory, with the Dow Jones not too far behind.
