Tuesday, September 4, 2012

Dow Jones at 13,035 Prior to Democratic Convention

The Dow Jones Industrials stock average sits at 13,035.91 prior to the start of the Democratic National Convention.  Investors and brokers will listen intently for news out of Charlotte, North Carolina as to how the Democrats can move the country forward.  The market dropped 300 points during the Republican National Convention as, unfortunately, the GOP gave zero details as to how it could help the country.

The Dow Jones was at 8,000.86 on the first trading day following President Barack Obama's Inauguration on January 20, 2009.  The market initially dropped to 6626.94 on March 2 of 2009 before legislation could be passed.  That represents a gain of 6,409 points from the low and 5,035 points since Obama took office, gains of 96.71% and 62.93%, respectively.

It will be interesting to see how the market responds to the Democrats, especially after their negative response to the Republicans.

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