All 3 stock indexes gained Friday to close the week strongly. There were new closing highs for both the Dow and S&P which were up 0.89% and 0.77% respectively. The Nasdaq closed up 0.51%.
Today’s stock market performance has further extended the gains that all 3 indexes have seen under President Joe Biden. The Dow’s gains since January 20th have passed 8%, while the S&P has gained more than 7%.
Biden has extended his advantage over Donald Trump on both the Dow and S&P. The Nasdaq had still gained more after 80 days of Trump’s presidency than it has for Biden but the gap has narrowed.
Again, the picture compared to Barack Obama is rather different. The stock market was going through a good spell at this stage in Obama’s first term. This means that Biden’s deficit on the Nasdaq has grown more than 3%, while his leads on the Dow and S&P have reduced by more than 2%.
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.