Market Momentum Builds Ahead of Inauguration
As the clock ticks down to President-elect Donald Trump’s inauguration, Wall Street is experiencing a remarkable surge. In a dramatic display of market optimism, the Dow Jones Industrial Average has soared 3.7% over the past five trading days, marking its strongest pre-inaugural performance since 1933, when Franklin D. Roosevelt took the reins.
A Broad-Based Rally
The S&P 500 has also joined the party, posting a 2.9% gain over the same period, its best showing leading up to Inauguration Day since 1933. Meanwhile, the Nasdaq Composite has risen 2.5%, its strongest pre-inaugural performance since 2001, when George W. Bush entered the White House.
A Historic Run-Up
This extraordinary market momentum is a testament to the growing confidence of investors in the new administration’s economic agenda. As the country prepares for a new era of leadership, the stock market is sending a clear signal: it’s ready to take off. With just hours to go until the inauguration, all eyes are on the markets, waiting to see if this remarkable rally will continue.
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