It was another day of big gains on the stock market as all three of the main indexes saw gains of over 1%. The S&P 500 rose 1.39%, the Dow by 1.57% and the Nasdaq by 1.56%.
That means that after 14 days in office Biden now has net gains on both the Nasdaq and the S&P of 3.34% and 0.98% respectively, while he is still down 0.54% on the position he inherited from Donald Trump on the Dow.
Biden has now overturned Trump’s lead on two out of the three indexes. Trump had increased the Dow by an extra 1.32% at the same stage in his presidency, but yesterday’s leads on the Nasdaq and S&P have been reversed. Biden now leads Trump by 1.61% on the former and 0.22% on the latter.
Biden has enjoyed a better start on the stock market than the man he was deputy to for eight years and leads Barack Obama comfortably on all three indexes. He enjoys leads of more than 5% on the Nasdaq and closing on for 4% on the Dow and S&P.
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.