People in the crypto world are looking forward to Trump's inauguration!
On January 20, 2017, after Trump's inauguration, the overall performance of the U.S. stock market was as follows:
On the day of the inauguration, it rose: On January 20, 2017, during the U.S. stock trading session, the Dow Jones Industrial Average eventually rose by 0.48%, the S&P 500 index rose by 0.34%, and the Nasdaq index rose by 0.28%. The Dow successfully ended a 5-day losing streak, marking the first time in nearly 50 years that the U.S. stock market closed higher on the first day of a presidential inauguration.
Strong upward momentum throughout 2017:
New highs: The Dow Jones Industrial Average performed exceptionally in 2017. On January 25, driven by market expectations of tax cuts and deregulation policies to be introduced by the Trump administration, the Dow first crossed the 20,000-point mark. Subsequently, it rose another 1,000 points in just 24 trading days, breaking through the 21,000-point barrier, with all three major indices refreshing their closing levels on the first trading day of March. On August 2, the Dow set a new closing high, standing above the 22,000-point mark. On October 18, it broke through 23,000 points. On November 30, it first crossed the 24,000-point mark.
Significant gains: In 2017, the Dow Jones Industrial Average had an annual increase of approximately 25%, the S&P 500 index had an increase of approximately 19%, and the Nasdaq Composite Index had an increase of approximately 28%.