Stock markets initially hated news of a Donald Trump presidency, but by the end of trading Wednesday, they recovered nicely: it marked the fifth-best S&P 500 session for the day after a U.S. presidential election in measured history.
The index rose 1.10 percent from the prior close, coming just a hair away from tying for fourth, when the S&P increased 1.12 percent the day following the 2004 election.
Here’s a snapshot of the 2016 version’s full trading day:
The S&P grew by 23.54 points on Wednesday, closing out at 2,163.10. The S&P had shuttered Tuesday at 2,139.56.
The best trading day the S&P ever had immediately following Election Day was a 1.77 percent rise in 1980, when Ronald Reagan defeated Jimmy Carter. For the next-largest gain, one would have to go way back to 1936 (+1.51 percent), when Franklin Delano Roosevelt was elected to the second of his four terms.
Losses, have been more dramatic — and
Check out the Bespoke Investment Group chart below to see how the S&P 500 has performed on each Election Day and the subsequent day after. Note: Election Day was a market holiday from 1932-1980.