President Joe Biden saw his lead over Donald Trump in our Nasdaq comparison fall sharply for the second time in a row. He had led by almost 3% last week and by 1.5% yesterday but has now seen the index rise by only 0.35% more than Trump did at the same stage in his presidency. Trump continues to lead Biden handsomely on the Dow comparison, although this has shrunk slightly. He has also increased his S&P lead slightly.
Overall, it was a mixed day on the stock market. The Nasdaq fell by 0.58% and the Dow by 0.03%, but the Dow did gain 0.29%.
There was much better news for Biden in his comparison with Barack Obama. He saw his lead over his Democratic predecessor as president rise by more than 3% in each index. This is partly due to the losses that the stock market suffered at the start of Obama’s presidency.
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.