Donald Trump served as the 45th president of the United States from January 2017 to January 2021. He was defeated by former Vice President Joe Biden in the 2020 presidential election. Here’s a look at how the Nasdaq 100 has performed since Trump left the White House.
What Happened: After serving as president for four years, Trump vacated the White House on Jan. 20, 2021.
During his time as president, the stock markets enjoyed four years of strong returns. The S&P 500, tacked by the SPDR S&P 500 ETF Trust SPY, had average annual gains of 14.5% during Trump’s four years in office.
The Nasdaq 100, which tracks the largest non-financial stocks that trade on the Nasdaq exchange, also enjoyed sizable returns during Trump’s time in office. The Nasdaq 100 is tracked by the Invesco QQQ Trust QQQ.
The markets continued to rally after Biden won the presidential election on Nov. 3, 2020 and during his first year as a president. Biden enjoyed the highest one-year market return for the S&P 500 since 1945 when Harry Truman was in the White House.
The COVID-19 pandemic, global tensions and a period of high inflation have sent stocks down and erased some of the gains held by investors. Here’s a look at how one of the leading market indexes has performed since Trump left office.
Related Link: If You Invested $1,000 In The Dow Jones When Donald Trump Left The White House, Here’s How Much You’d Have Now
Investing $1,000 In the Nasdaq 100: The Invesco QQQ Trust traded at $320.14 on Jan. 20, 2021 when Trump left office.
A $1,000 investment in the Invesco QQQ Trust could have purchased 3.12 shares at market open on the day Trump left the White House.
That same investment would be worth $862.71 today, based on a price of $276.52 for QQQ at the time of writing. The investment would be down 13.7% in the 19 months since Trump left office.
Investors would have done better if they bet on the market going down after Trump left office. The ProShares Short QQQ PSQ, an inverse ETF betting against the performance of the Nasdaq 100, is up 1.9% over the same 19 months.
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Image and article originally from www.benzinga.com. Read the original article here.