Everyone is staring at the crypto market, pondering that if Trump becomes president again, the market is bound to get lively!
Back in the day, on January 20, 2017, when Trump took office, the US stock market was in a frenzy. On that day, the Dow Jones increased by 0.48%, and the S&P 500 and NASDAQ followed suit. This was the first time in nearly 50 years that the stock market was smiling on a president's inauguration day.
By autumn, the upward momentum was even more astonishing. Trump announced tax cuts and deregulation, and upon hearing this, the market immediately got excited. The Dow soared, breaking the 20,000-point milestone on January 25. After that, it was like it had taken a stimulant, gaining another 1,000 points in just 24 trading days, reaching 21,000, 22,000, 23,000 points, breaking through every barrier. By November 30, the Dow had climbed above 24,000 points.
That year, the Dow Jones Industrial Average rose nearly 25%, the S&P 500 increased by about 19%, and the NASDAQ skyrocketed by about 28%. Such an increase makes one’s heart race!
So now, everyone is wondering, if Trump is inaugurated again, will the stock market and the crypto market usher in another wave of celebration? Let’s wait and see!
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