Biden Loses A Little Ground To Trump After Another Mixed Day

It was another unspectacular day on the stock market as the Nasdaq and S&P both gained a bit of ground, but the Dow Jones lost some. The Nasdaq was the day’s biggest mover and ended 0.31% higher. The S&P was a mere 0.02% up on the day, while the Dow dropped 0.09%.

The Nasdaq’s gains under President Joe Biden have now reached 5.5%. The Dow continues to be just short of 12% up since inauguration day in January, with the S&P 500 not too far behind.

Table showing the state of key economic metrics during the presidency of Joe Biden as of June 8th 2021

Biden has lost a little ground to Donald Trump on all 3 indexes since yesterday. No gap has changed, however, by more than a couple of tenths of a percent. Biden continues to have leads on the Dow and S&P, whereas Trump has a larger lead on the Nasdaq.

Table comparing the performance of the major stock indexes during the first 140 days of the presidencies of Joe Biden and Donald Trump

Biden has reduced Barack Obama’s Nasdaq lead by around three-quarters of a percent since Monday. It now stands at about 15%. Biden’s leads on the Dow and S&P are little changed. The former is down about a tenth; the latter up by about the same margin.

Table comparing the performance of the major stock indexes during the first 140 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.