It is estimated that people in the cryptocurrency circle are eagerly awaiting Trump's inauguration!
On January 20, 2017, after Trump's inauguration, the overall performance of the U.S. stock market was as follows:
Increase on the day of inauguration: On January 20, 2017, during the trading session, the Dow Jones Industrial Average ultimately rose by 0.48%, the S&P 500 index increased by 0.34%, and the Nasdaq index went up by 0.28%, successfully ending a five-day losing streak for the Dow, marking the first time in nearly 50 years that the U.S. stock market closed up on the first day of a presidential inauguration.
Strong growth throughout 2017:
New highs frequently reached: The Dow Jones Industrial Average performed outstandingly in 2017. On January 25, driven by market expectations for tax cuts and deregulation policies to be introduced by the Trump administration, the Dow first crossed the 20,000 points threshold. Subsequently, it took 24 trading days to rise another 1,000 points, breaking through the 21,000 points mark, with all three major indices simultaneously refreshing their closing levels on the first trading day of March. On August 2, the Dow set a new closing high, surpassing the 22,000 points mark. On October 18, it broke through 23,000 points. On November 30, it first crossed the 24,000 points threshold.
Significant increase: In 2017, the Dow Jones Industrial Average increased by approximately 25% for the year, the S&P 500 index rose by about 19%, and the Nasdaq Composite index saw an increase of approximately 28%.