Following Donald Trump’s stunning election victory, The Dow Jones Industrial Average just posted its best week since 2011. After dipping slightly immediately after the election, the DOW surged to its best performance in 5 years!
Stocks skyrocketed after Republican Donald Trump‘s surprise victory over Hillary Clinton, as investors considered the prospects of higher infrastructure spending and less regulation within the financial sector. The Dow closed at an all-time high on Thursday, while the S&P and the Nasdaq were flirting with their record highs entering Friday. Financial markets, as well as numerous pollsters and political analysts, had expected Clinton, the former secretary of State, to win the race for the White House.
When Obama won the election in 2008 it was sad news for the DOW. On the morning of November 4th, 2008, the Dow opened at 9,323. By week’s end the Dow had lost 380 points for a decrease of 4.1%.
And Trump isn’t even President yet. Exciting times ahead…