How Have Markets Done Since Obama's Election?
If President Obama needs some statistical fodder for his address at the Democratic National Convention this evening, he may find it in the heart of what many consider “enemy territory” for his re-election effort: Wall Street.
The Dow and the S&P 500 are both on pace to finish Thursday’s trading at the highest levels of the Obama administration. An S&P 500 finish above 1,419.04 would be the highest close since May 19, 2008—and a finish above 1426.63 would be the highest since January 3, 2008.
If the Dow finishes above 13,279.32, it would close at its best since December 28, 2007. (Read More: Economist Says S&P Above 1,200 Means Obama Wins)
At current levels, the Nasdaq Composite would close at its highest since November 15, 2000. That stretches back to the administration of President Bill Clinton, who gave Mr. Obama a rousing endorsementin a speech to the DNC Wednesday evening. (Read More: Your Money Your Vote—CNBC's Full Coverage)
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