Biden Loses Ground To Trump And Obama As Stocks Fall

Stocks fell again Tuesday. The S&P was down the most with a drop of 0.85%, while the Dow lost 0.78% of its value. The Nasdaq had been in the green for much of the day but late losses saw it close down 0.56%.

The Nasdaq’s gains under Joe Biden have again dropped below 1%. The Dow and S&P have seen much stronger growth despite today’s losses.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 18th May 2021

Biden’s position compared to Donald Trump has worsened since yesterday. The gaps between the pair on the all 3 indexes after 119 days of presidency have moved more than 1% in the Republican’s favor.

Table comparing the performance of the major stock indexes during the first 119 days of the presidencies of Joe Biden and Donald Trump

Biden’s position compared to Barack Obama has worsened to an even greater extent. Obama’s lead on the Nasdaq has increased by about 4% in just 24 hours. Biden’s leads on the Dow and S&P have reduced by similar margins.

Table comparing the performance of the major stock indexes during the first 119 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.