For decades, stock markets have fallen on a president's first day in office. The results for the first year are mixed.
SOURCE: Bloomberg | The Washington Post - January 21, 2009
Sell-Off Is Sobering Welcome From Wall Street Article | As Washington celebrated, New York fretted. The Dow Jones industrial average yesterday fell below 8,000, shedding 4 percent, its bleakest performance on any Inauguration Day since the index was started 124 years ago. Nasdaq and the Standard & Poor's 500-stock index both plunged more than 5 pe...