In the early morning after the Nov. 5 presidential election, off-hours trading of futures contracts tied to American stock exchanges surged. They did so largely on the news that Donald Trump, the United States’s 45th president, would also be its 47th.
That news started an expected rally on Wall Street as well, during normal trading hours. The Dow, Nasdaq-100, and S&P 500 all soared to record heights on Nov. 6, ending at 43,729.93, 20,781.33, and 5,929.04, respectively. The price of bitcoins also reached new heights that morning, selling for 75,824.16 at its apex.
COVID-19 aside, most of the first Trump presidency is broadly considered to have been good for business and for workers, with significant economic and job growth. The Dow stood at 19,795.06 at the beginning of trading on Jan. 20, 2017, the day Trump was inaugurated, and rose to a height of 29,423.31 on Feb. 13,…
