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 Wall St. has worst week of a presidential election... ...

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dico1
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Posts : 25
Join date : 2008-11-06

PostSubject: Wall St. has worst week of a presidential election... ...   Fri Nov 07, 2008 10:30 pm

NEW YORK, Nov 7 (Reuters) - U.S. stocks broke out of their
post-election funk on Friday, but on balance, the market hardly
delivered a ringing endorsement of Barack Obama's defeat of John
McCain to be elected 44th president of the United States.
Whatever the reason, since Election Day, major U.S. indexes are
down more than 7 percent. For the Dow Jones industrial average .DJI
and Standard & Poor's 500 .SPX, that represents the worst ever
conclusion to the week of a presidential election.
On the week as a whole, including Tuesday's biggest-ever Election
Day rally, Wall Street's benchmarks each fell about 4 percent.
For the Dow, it was the weakest presidential election week since
Harry Truman's upset victory over Thomas Dewey in the 1948 election.
For the S&P and Nasdaq Composite index .IXIC, meanwhile, it was
only the poorest presidential election week since 2000, which had
ended without any resolution to the disputed contest between George
W. Bush and Al Gore.
STOCKS IN THE THREE DAYS AFTER A PRESIDENTIAL ELECTION
The following table shows the percentage rise or decline in the
Dow Jones industrial average, Standard & Poor's 500 index and Nasdaq
composite index in the last three days of the week of a U.S
presidential election, as well as who won the Election Day vote.
Year Dow S&P Nasdaq President elect
2008 -7.08 -7.43 -7.46 Barack Obama
2004 +3.51 +3.15 +2.73 George W. Bush
2000 -3.19 -4.60 -11.32 No decision: G.W. Bush v Al Gore*
1996 +2.28 +2.34 +2.31 William Clinton
1992 -0.38 -0.56 +2.02 William Clinton
1988 -2.84 -2.63 -1.34 George H. W. Bush
1984 -2.02 -1.65 -0.42 Ronald Reagan
1980 -0.51 +0.11 +0.19 Ronald Reagan
1976 -2.38 -2.21 -1.02 James Carter
1972 +1.06 -0.22 -0.34 Richard Nixon
1968 +1.35 +0.82 --- Richard Nixon
1964 +0.16 +0.06 --- Lyndon Johnson
1960 +1.84 +1.38 --- John Kennedy
1956 -2.02 -2.65 --- Dwight Eisenhower
1952 +1.20 +0.73 --- Dwight Eisenhower
1948 -6.00 -7.16 --- Harry Truman
1944 +0.11 +0.31 --- Franklin Roosevelt
1940 +1.06 +0.81 --- Franklin Roosevelt
1936 +2.79 +1.40 --- Franklin Roosevelt
1932 +5.34 +8.02 --- Franklin Roosevelt
1928 +2.13 +1.99 --- Herbert Hoover
1924 +0.93 --- --- Calvin Coolidge
1920 -2.34 --- --- Warren Harding
1916 +0.41 --- --- Woodrow Wilson
1912 +1.13 --- --- Woodrow Wilson
1908 +5.28 --- --- William Taft
1904 +2.75 --- --- Theodore Roosevelt
1900 +7.03 --- --- William McKinley
1896 +5.86 --- --- William McKinley
STOCKS IN A PRESIDENTIAL ELECTION WEEK
The following table shows the percentage rise or decline in the
Dow Jones industrial average, Standard & Poor's 500 index and Nasdaq
composite index for the full week of a U.S presidential election and
who won the Election Day vote.
Year Dow S&P Nasdaq President elect
2008 -4.09 -3.92 -4.30 Barack Obama
2004 +3.59 +3.18 +3.24 George W. Bush
2000 -1.99 -4.26 -12.24 No decision: G.W. Bush v Al Gore*
1996 +3.29 +3.84 +2.92 William Clinton
1992 +0.43 -0.26 +1.93 William Clinton
1988 -3.67 -3.04 -1.91 George H. W. Bush
1984 +0.19 +0.11 +0.64 Ronald Reagan
1980 +0.86 +1.34 +0.38 Ronald Reagan
1976 -2.27 -2.02 -0.97 James Carter
1972 +1.13 -0.43 -0.16 Richard Nixon
1968 +1.11 +0.86 --- Richard Nixon
1964 +0.43 +0.44 --- Lyndon Johnson
1960 +2.10 +1.77 --- John Kennedy
1956 -1.04 -1.36 --- Dwight Eisenhower
1952 +1.57 +1.06 --- Dwight Eisenhower
1948 -5.26 -6.49 --- Harry Truman
1944 +0.63 +0.70 --- Franklin Roosevelt
1940 +1.66 +1.35 --- Franklin Roosevelt
1936 +2.51 +1.16 --- Franklin Roosevelt
1932 +10.56 +11.63 --- Franklin Roosevelt
1928 +3.41 +2.73 --- Herbert Hoover
1924 +0.77 --- --- Calvin Coolidge
1920 -1.88 --- --- Warren Harding
1916 +1.29 --- --- Woodrow Wilson
1912 +0.88 --- --- Woodrow Wilson
1908 +5.26 --- --- William Taft
1904 +4.16 --- --- Theodore Roosevelt
1900 +9.97 --- --- William McKinley
1896 +9.97 --- --- William McKinley
* George W. Bush ultimately was determined the winner of the 2000
election.
Source: Reuters EcoWin
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