Another Mixed Day For The Stock Market

The Dow gained 0.16% Wednesday but there were losses on the other 2 major US stock indexes. The S&P closed down 0.41% despite making gains early on, while the Nasdaq was down 0.99%.

The Dow continues to be the strongest performing index of Joe Biden’s presidency. It has now gained more than 8% since he took over from Donald Trump. The Nasdaq’s gains have been pared to around 3%, while the S&P has gained just above 7%.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 14th April 2021

Biden’s position relative to Trump has slipped on 2 of the 3 indexes from yesterday. He now trails his predecessor by almost 2% on the Nasdaq. He does continue to have good comparative advantages on the Dow and S&P.

Table comparing the performance of the major stock indexes during the first 85 days of the presidencies of Joe Biden and Donald Trump

Biden’s position relative to Barack Obama has improved on all 3 indexes over the past 24 hours. The incumbent has reduced his deficit on the Nasdaq by a few tenths to just over 3%. His leads on the Dow and S&P have increased by more than 1.5%. At this stage in Obama’s presidency both indexes were still in negative territory compared to when he took over from George W Bush.

Table comparing the performance of the major stock indexes during the first 85 days of the presidencies of Joe Biden and Barack Obama

To see more presidential performance data such as GDP or jobs growth and comparisons, visit us at Facts First, the only non-opinion based presidential performance site on the web.