The Trump stock market rally shows no signs of weakening, especially for some key sectors that have continued to pop since the president was elected.
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Major market indexes are all up: The S&P 500 has gained more than 30%, while the Dow Jones Industrial Average is up nearly 36% and the Nasdaq Composite 49%.
But some sectors have fared better than others during the late stages of this prolonged economic expansion. In the 610 days since Election Day – Nov. 8, 2016 – the aerospace and defense sector has jumped nearly 55%, the most of any S&P sector.
Trump has placed an outsized emphasis on boosting the nation’s military through increased defense spending, proposing a defense bill worth more than $700 billion for fiscal year 2019.
Health care providers have received the second-biggest "Trump bump" since the election, up more than 47% as of Wednesday. The sector is up 35% since Inauguration Day, Jan. 20, 2017.
In the 600-plus days since the election, the financial sector has risen by 36%, as the administration continues to push its deregulatory agenda. Some Wall Street firms also received a bump thanks to the Tax Cuts and Jobs Act, which lowered the corporate tax rate to 21% from 35%. Since the inauguration, the financial sector is about 18% higher.
On the other hand, the consumer staples sector has been largely unchanged overall since Election Day, up just 0.01% as of Wednesday. The energy sector is up 12% during the same timeframe.