Daily Stock Market News Jan. 20, 2017: Today, the regular types of market news were overshadowed by the Trump inauguration and the mixed feelings which accompany it for many investors. Learn how to compare the results of the Trump administration with those of his three predecessors. See today’s closing prices.
U.S. Stock Market Closing Prices Jan. 20, 2017:
Dow Jones Industrial Averages: 19,827.25 +94.85 (+0.48 percent)
S & P 500: 2,271.31 +7.62 (+0.34 percent)
NASDAQ: 5,555.33 +15.25 (+0.28 percent)
Crude Oil: $53.24 a barrel
Today’s Stock Market and Economic News:
In an unusually dark and angry inaugural address, Trump made a number of promises, including to wipe out both U.S. crime and ISIS. Investors, however, will be watching the impact he has on the economy. Below is a link to some numbers you can watch (jobs, wages and markets), to see how he does compared to what happened under the past few administrations.
Below is a summary of the most relevant information from the above article:
Median monthly jobs added
Obama: 186,000 a month
Bush: 61,000 a month
Clinton: 252,000 a month
Median yearly net wage growth
Obama: 2.2 percent
Bush: 3.3 percent
Clinton: 3.5 percent
Average of compound annual growth rate for S&P 500 Total Returns
Last Year’s Stock Market and Economic Highlights for 2016:
If you wish to compare 2017 to 2016, here are a few of the most notable events in the stock market and the economy last year:
The Dow Jones Industrial Average rose 13.4 percent during 2016.
The S&P 500 climbed over 9 percent in 2016.
The Nasdaq was up over 7 percent during the year.
Average hourly wages were up over 2.4 percent during the year.
Unemployment dropped to 4.7 percent by the end of 2016.
Over 2 million new jobs were added to the economy during the 2016 (11.3 million jobs created during the Obama administration, with job growth for a record 75 straight months).
In 2016, auto sales hit a new record high of 17.5 million.
According to the Openfolio app, 77 percent of investors in the stock market made money in 2016. The average investor made just over 5 percent in 2016.
The Federal Reserve raised their benchmark interest rate once … in Dec., 2016.
Home prices ended the year at all-time highs.
Twitter.com / MSN Money / Market Watch / YahooFinance / Bloomberg / Reuters / Wall Street Journal and other public news sources
Stats on the past three administrations: marketwatch.com/story/the-trump-scoreboard-track-the-markets-and-economy-under-trump-in-one-graphic-2017-01-20?link=sfmw_tw
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