President Joe Biden saw his stock market position by comparison with predecessor Donald Trump worsen considerably Tuesday. After 28 days of Trump’s presidency, the Dow had increased by more than twice as much as it has for Biden. Trump’s cumulative gain on the S&P is also now greater than Biden’s, who has also seen his lead on the Nasdaq halve.
This huge change comes in spite of Tuesday being a relatively quiet day on the three major US stock indexes. The Dow gained 0.2%, while the Nasdaq was down 0.34% and the S&P down by 0.06%. All three indexes have seen appreciable gains since Biden took office last month.
Biden has managed to increase his already considerable lead over Barack Obama at the same stage in their presidencies. He has seen the Dow do more than 7% better, while the Nasdaq and S&P have done more than 6% better.
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.