6th Worst Day in History For DOW as it Crashes Nearly 700 Points
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In the sixth worst day for the Dow Jones Industrial in history, the DIJ has crashed at least -665 points, on route for one of the worst weeks in history. It is definitely the worst drop in Trump's presidency of which was quite fair for the stock markets.
According to reports from the NYSE (New York Stock Exchange), the dip was around -2.54%, and comes only days after the Dow had crashed around -360 points (or -1.3%) only a few days ago between Monday and Tuesday of January 29-30, 2018.
Only a small while after the Republican base and Donald Trump himself as President was parading his stock market success after rapidly exceeding from 25,000 points to 26,000 points, of which they hit between January 16-17, it has now plunged back down into the 25,000 range. It currently stands at 25,520.
According to reports from numerous analysts from other news sources, the stock market and the DIJ is on route for the worst week in two years.
Today's drop of nearly 670 points is the worst since 2008's economical crisis, and is considered the sixth biggest crash in the Dow's history.
Within recent years, many have been predicting a sharp economical downfall that may end the consistent successes and increases we've seen throughout the past decade since the 2008-2009 stock market crash at the end of Bush's presidency, and start of Obama's.
Although politics hasn't played the largest role in Trump's first year as president in terms of the stock market, many at the NYSE are saying the ongoing political turmoil is 'definitely not helping' the continuation of what appears to be a successful first year economically for the Trump administration.
President Trump took in the stock market from Obama's government at 19,800 points (around) in January 2017. Since then, he's brought it up to 25,520 (around +5,720). During Obama's first year, he brought it up from around 7,900 to 10,725 one year later (from Jan 2009 to 2010). It is around a +6,175 increase.
Obama took in the economy during an economic downfall and crash during 2008's crisis, while Trump took in a generally healthy economy that had been increasing significantly since Obama's presidency.