How Trump’s presidency factors into the stock market
May 4, 2017
On the campaign trail and in the White House, President Trump has promised to make business-friendly policies a priority through tax cuts and new government investments. So when Trump deals a potentially good hand, Wall Street doubles down.
Since the election, some of those bets have paid off. Stocks surged weeks after the election and Trump’s inauguration in what investors have dubbed the “Trump rally.” The Dow Jones industrial average broke 20,000 points for the first time in January while the Standard & Poor’s 500-stock index and the Nasdaq composite index reported record highs.