For the second day in a row, the stock market hit a new all-time high. The Dow rose 218 points Thursday and closed at a record high for the second day in a row.
After mainstream media wen into a panic on Wednesday, many investors worried that President-elect Trump win would cause stocks to fall. And historically gone down the day after Election Day regardless of the occupying party.
According to data from Jeff Hirsch, editor of the Stock Trader's Almanac, the average decline for the S&P 500 the day after Election Day between 1932 and 2012 was 1.1%. But the S&P 500 rose1.1% on Wednesday.
Even after Ronald Reagan was elected in 1980, the market dipped nearly 1% after the land side victory.
Stocks fell 5.3% in 2008 after Barack Obama was elected.
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