DJIA Closing Price on November 4, 2016
The Dow Jones Industrial Average (DJIA) closed at $17,888.28 on November 4, 2016, according to StatMuse. This represented a decrease of 0.2% for the day.
Key Facts
- On November 4, 2016, the DJIA closed at $17,888.28.
- On November 7, 2016, the day before the U.S. presidential election, the stock market experienced a surge. The Dow was up by about 1.9%, with the biggest one-day point gain since August 2015, and the Nasdaq was up by 2.4%.
- On November 9, 2016, the day after the election, the DJIA closed up more than 250 points at 18,589. The index briefly added more than 300 points and came within about 25 points of its all-time intraday high of 18,668.44.
- Financials and health care sectors led the rally after Donald Trump’s victory, with financials gaining 4% in their best day since 2011.
- The market initially expected a victory for Hillary Clinton, and her loss led to a repositioning of portfolios and a surge in volatility.
- The Mexican peso, which had been a gauge of Trump’s prospects due to his protectionist platform, surged by about 2% against the dollar after the FBI announcement regarding Clinton’s emails.
Market Surge on November 7, 2016
On November 7, 2016, the day before the U.S. presidential election, the stock market experienced a significant surge. The Dow Jones Industrial Average (DJIA) gained approximately 1.9%, marking the largest one-day point increase since August 2015, as reported by Business Insider. The Nasdaq also saw a rise of 2.4%.
Post-Election Market Performance
The day after the election, on November 9, 2016, the DJIA closed at 18,589, representing an increase of over 250 points. The index briefly surpassed 300 points and came close to its all-time intraday high of 18,668.44, with only a 25-point difference.
Sector Performance
The financials and health care sectors led the market rally following Donald Trump’s victory. Financials experienced a remarkable 4% gain, marking their best day since 2011.
Market Repositioning and Volatility
The market had initially anticipated a win for Hillary Clinton, and her unexpected loss resulted in a repositioning of portfolios and a surge in volatility.
Mexican Peso’s Reaction
The Mexican peso, which had been closely monitored as an indicator of Trump’s prospects due to his protectionist stance, showed a positive reaction to the FBI’s announcement regarding Clinton’s emails. The peso strengthened by approximately 2% against the U.S. dollar.
Conclusion
In November 2016, the DJIA experienced fluctuations and a post-election rally, influenced by factors such as the presidential election outcome, sector performance, and market repositioning.
Sources
- Dow Jones On November 4th 2016 | StatMuse Money
- Dow surges 300 points; financials gain 4% after Donald Trump win – CNBC
- Closing Bell, November 7, 2016 – Business Insider
FAQs
What was the DJIA closing price on November 4, 2016?
On November 4, 2016, the DJIA closed at $17,888.28, experiencing a 0.2% decrease for the day.
How did the stock market perform on November 7, 2016, the day before the U.S. presidential election?
On November 7, 2016, the stock market saw a significant surge. The DJIA gained approximately 1.9%, marking the largest one-day point increase since August 2015. The Nasdaq also rose by 2.4%.
What was the DJIA’s performance on November 9, 2016, the day after the election?
The DJIA closed at 18,589 on November 9, 2016, reflecting an increase of over 250 points. The index briefly surpassed 300 points and came close to its all-time intraday high of 18,668.44, with only a 25-point difference.
Which sectors led the market rally following Donald Trump’s victory?
The financials and health care sectors led the market rally after Trump’s election. Financials experienced a remarkable 4% gain, marking their best day since 2011.
How did the market react to the unexpected outcome of the presidential election?
The market’s initial anticipation of a Hillary Clinton win led to a repositioning of portfolios and a surge in volatility following her loss.
How did the Mexican peso respond to the FBI’s announcement regarding Clinton’s emails?
The Mexican peso, which had been closely monitored as an indicator of Trump’s prospects, showed a positive reaction to the FBI’s announcement. The peso strengthened by approximately 2% against the U.S. dollar.
What factors contributed to the DJIA’s fluctuations and post-election rally in November 2016?
The DJIA’s performance in November 2016 was influenced by factors such as the presidential election outcome, sector performance, and market repositioning.
What was the overall market sentiment during this period?
The market sentiment was characterized by uncertainty and volatility due to the unexpected election results and the implications for various sectors and industries.