Markets and the party

Among newly elected Republicans, five -- including Herbert Hoover, Richard Nixon and George W. Bush -- preceded stock-market declines, with a median retreat of 2.5 percent for all 10, data compiled by Bloomberg show. The data excludes incumbents that won re-election. Overall, the Dow average generated a median 33 percent advance from the time a Democrat is elected in November or elevated from the vice presidency until the next president is chosen. For Republicans, the gain is 17 percent

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