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The Stock Market (Mostly) Loves New Presidents


Historically, the stock market has performed well in the first 100 days of a new presidential administration.

A new presidential administration is often a time of hope and anxiety for investors. The good news: Stocks have delivered positive returns the majority of the time during the first 100 days of a new presidential administration.

President Party Inauguration Date S&P 500 Index* (%) Dow Jones Industrial
Average Index* (%)
John F. Kennedy D 1/20/1961 8.92 6.99
Lyndon B. Johnson D 11/22/1963 11.77 12.46
Richard M. Nixon R 1/20/1969 1.97 2.03
Gerald R. Ford R 8/9/1974 -11.07 -16.68
James E. Carter D 1/20/1977 -4.40 -3.35
Ronald W. Reagan R 1/20/1981 0.88 4.95
George H.W. Bush R 1/20/1989 8.03 8.21
William J. Clinton D 1/20/1993 1.57 5.72
George W. Bush R 1/20/2001 -6.93 1.39
Barack H. Obama D 1/20/2009 8.39 2.76
Donald J. Trump R 1/20/2017 4.97 5.61
Joseph R. Biden D 1/20/2021    
Average 2.19 2.74

Source: Morningstar, 1/21. *Price return doesn’t include the reinvestment of dividends. Past performance does not guarantee future results. Indices are unmanaged and not available for direct investment.


Bottom Line: The stock market tends to be optimistic at the beginning of a new president’s term regardless of party affiliation.

Talk to your financial professional about building a portfolio that’s right for you.

S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks.

Dow Jones Industrial Average Index is an unmanaged, price-weighted index of 30 of the largest, most widely held stocks traded on the NYSE.

Investing involves risk, including the possible loss of principal.

This material is provided for educational purposes only.

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