Last updated: May 17th, 2024
John F. Kennedy was president from 1961 until his term was cut short with his assassination in 1963. To stimulate economic growth, Kennedy greatly increased federal spending. He ran the first ever federal deficit in a non-war, non-recession year. He also pushed for major tariff reductions.
Kennedy loosened monetary policy and increased fiscal spending. The economy grew at an average 5.5% per year while Kennedy was president, while inflation remained low at 1%. Unemployment dropped from 7% to 5.5%.
Below is a table summarizing John F. Kennedy's cumulative and annualized performance across all the metrics we track. These are for the entirety of John F. Kennedy's term.
Indicator | Cumulative Gain/Loss |
---|---|
NASDAQ | N/A |
DOW | 15.85% |
S&P | 19.83% |
Job Growth | 6.65% |
GDP Growth | 15.92% |
Kennedy pressures US Steel Corp to drop 3.5% price hike (Mar 1962)
- Trade Expansion Act (Oct 1962)
- Revenue Act of 1964 (Feb 1964, after JFK’s death, but he proposed the legislation in 1963)
Alan Sheppard is the first American in space (May 1961)
- Construction of Berlin Wall begins (Aug 1961)
- Cuban Missile Crisis (Oct 1962)
- MLK delivers “I Have A Dream” speech (Aug 1963), Kennedy Assassination (Nov 1963)
Under John F. Kennedy’s presidency, the S&P 500 gained 19.83%, the NASDAQ gained N/A and the Dow Jones gained 15.85%. Annualized, the S&P 500 gained 6.58%, the NASDAQ gained N/A and the Dow Jones gained 5.32%
Here is John F. Kennedy’s cumulative stock market performance broken out by term.
Indicator | Cumulative End of Term 1 | Cumulative End of Term 2 |
---|---|---|
NASDAQ | N/A | N/A |
DOW | 15.85% | N/A |
S&P | 19.83% | N/A |
Go to our Learning Center to learn more about stock market performance and how it affects you.
Here is Kennedy’s cumulative GDP growth performance broken out by term.
Indicator | Cumulative End of Term 1 | Cumulative End of Term 2 |
---|---|---|
GDP Growth | 15.92% | N/A |
Here is Kennedy’s cumulative job growth performance broken out by term.
Indicator | Cumulative End of Term 1 | Cumulative End of Term 2 |
---|---|---|
Job Growth | 6.65% | N/A |
We capture the data as soon as it’s available to us – stock market data after daily market close, jobs data once a month and GDP data once a quarter. After verifying the raw data, we then calculate updated cumulative and annualized performance data for the current president (the data for previous presidents have been calculated and verified in advance).
Some metrics are measured daily (like stock market performance), monthly (like jobs growth) and quarterly (like GDP growth). We start measurement of performance for a president from the first full time period after their inauguration. For stock market performance, it is the first stock market day in office. For jobs growth, it’s either first full calendar month in office (so if you are inaugurated in the middle of January, the first full month is February). This ensures a consistent starting point across all presidencies.
Also, read these articles in our Learning Center:
- What is the difference between cumulative and annualized performance?
- What’s the best way to interpret the facts and data on Facts First?
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