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Ahead of the election, some market strategists found it
difficult to plan financially for Trump's possible presidency,
in part because many of his proposals were seen as contradictory
or lacking in detail.
However, at the close of trading of that session, Dow futures
had reversed the drop to close up nearly 250 points, above
18,500.
That is the lowest they have been since then.
Despite not having a single major legislative victory and with
prospects for a government shutdown in December looming, stocks
have not looked back in the Trump era.
The S&P 500 <.SPX> is up 21.1 percent since the 2016 election,
while the Dow <.DJI> has gained 28.5 percent in that period and
the Nasdaq Composite <.IXIC> is up 30.3 percent.
Banks and technology have been the best performers over the past
year, with telecommunication services the weakest performer.
(http://reut.rs/2zkOcCf)
The Dow has closed at a record high more than 70 times since
election day 2016 and the S&P 500 has closed at a record on 52
days in 2017 -the fifth-most in any year, but it could challenge
the 59 record closes in 1928 for third place or the 62 in 1964
for second, according to S&P Dow Jones Indices data. The year
with the most S&P record closing highs is 1995 with 77. There
were 53 in 2014.
Economic growth across the globe, alongside stimulative monetary
policy from the world's largest central banks, have been behind
the market's rally. The expectation of pro-growth and
business-friendly policies from the Trump administration as well
as bets on deregulation, gave investors further reasons to
invest in stocks.
For a graphic on top and bottom stock performance since Trump's
election victory see [http://tmsnrt.rs/2zlnkC0].
For a graphic on Trump's tweets about the market rally see
[http://tmsnrt.rs/2zkkKMN]
(Reporting by Rodrigo Campos; Editing by Chris Reese)
[© 2017 Thomson Reuters. All rights
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