Goldman Sachs accounts for a quarter of Dow Jones gains since election

[kpete]

The Dow had gained over 1700 points in value since Election Day, up roughly 9.3 percent in a little over a month of trading. At the same time, Goldman Sachs has seen its stock value climb by over 33 percent.
When calculated out, that company’s stock spike accounts for about 24 percent of all the headline-grabbing gains seen in the Dow since Trump was elected.

The investment firm has seen its value skyrocket, along with several other corporations, as investors believe Trump’s election, coupled with a GOP Congress, could bode well for corporate profits going forward.

At the same time, Goldman has outpaced effectively every other stock on the market since Trump’s election.

The rally comes as Trump has made a number of Goldman alums close members of his inner circle.


http://thehill.com/policy/finance/311169-goldman-sachs-good-for-a-quarter-of-dows-trump-rally

[onenote]

1. There must be some odd math going on in this report

The Dow Jones is up 1700 points, from around 18200 to 19900 (rough numbers).
Goldman Sachs is up 60 points, from 182 to 242.

My simple math skills has Goldman Sachs' share of the Dow Jones' gains at 3.5 percent (60/1700) not 25 percent.

[GeorgeGist]

2. must be Trump U graduates ...

doing the math.