Trump Stock Market
About Trump Stock Market
During the Trump presidency from January 2017 to January 2021, the S&P 500 rose from 2,277 to 3,851, a 69 percent gain. The market initially surged on promises of tax cuts and deregulation. The 2017 tax cuts boosted corporate earnings. The market suffered the fastest bear market in history during COVID 19 in March 2020, then recovered to new highs. Trump frequently cited stock market gains as evidence of success. The market gains were driven partly by the same factors globally: low interest rates and technology stock dominance. The market continued rising into the Biden presidency.
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