Dow Drops 5% Since O's Reelection; Rose 4% After W's Over Same Time Period
Since President Barack Obama's reelection on November 6, the Dow Jones Industrial Average (DJIA) has dropped 703.30 points; a decline of 5.31%.
The closing price of DJIA Index on the night of the presidential election was 13,245.68. At 4:00pm today, the Dow settled at 12,542.38.
The S&P 500, a broader stock index comprised of 500 publicly traded companies, has also declined about 5.3% since Election Day. The closing price on the night of the election was 1,428.39. At market close today, the price of the index was 1,353.32; a 5.26% decline.
Conversely, after George W. Bush's reelection in 2004, the price of the DJIA increased by 434.11 points over the same eight day, post-election trading period.
On November 2, 2004, the Dow closed at 10,035.73. By November 11, the price of the index had risen to 10,469.84; a 4.33% gain.
The S&P 500 Index also increased after Bush's reelection, gaining 42.92 points from 1,130.56 to 1,173.48 - a 3.80% rise.