Tags: Trump Administration | stock market | value | trump | obama | trillion

Market Value Under Trump Has Grown by $6.9 Trillion to $30.6 Trillion

By    |   Thursday, 18 January 2018 06:08 PM

The American stock market has added $6.9 trillion in market cap since Donald Trump was elected president, nearly half of what the market grew by in all eight years of the Obama administration.

Trump's performance, as measured by the S&P 500, is up 23 percent in the year since his inauguration, much better than the 13 percent average of first year performances since 1928, CNBC reported.

The market cap, based on the Russell 3000, surpassed $30 trillion for the first time last week, and was at $30.6 trillion Thursday, according to Bespoke, CNBC reported.

"I think the performance in the first year has exceeded almost everybody's expectations," Paul Hickey, co-founder of Bespoke, told CNBC. Hickey uses the Russell 3000 to measure overall market cap, since it represents about 98 percent of all U.S. stocks.

Wall Street’s main indexes edged lower on Thursday as declines in healthcare and energy stocks paused a rally that had driven the Dow Jones index to its fastest ever 1,000 point gain, Reuters said.

Investors are keeping a close eye on corporate earnings reports, given the runup in stock valuations.

“This might just be a little bit of a pullback, especially after yesterday’s significant gain, until we get further into the earnings season,” said Lindsey Bell, investment strategist at CFRA Research in New York.

However, she said optimism was still intact.

“There is hope and anticipation for progress in policy. Infrastructure will be the next major one, it should help boost economic and corporate activity.”

For his part, Trump says the mainstream liberal media twists the facts and distorts reality.

"Do you notice the Fake News Mainstream Media never likes covering the great and record setting economic news, but rather talks about anything negative or that can be turned into the negative. The Russian Collusion Hoax is dead, except as it pertains to the Dems. Public gets it!" the president recently tweeted.

(Newsmax wire services contributed to this report).

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The American stock market has added $6.9 trillion in market cap since Donald Trump was elected president, nearly half of what the market grew by in all eight years of the Obama administration.
stock market, value, trump, obama, trillion
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2018-08-18
Thursday, 18 January 2018 06:08 PM
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