Dow Breaks Record But Nasdaq Falls Again

It was a mixed day on the stock market Wednesday. The Dow Jones ended 0.29% higher to break the end-of-day record once again. The Nasdaq, however, continued its recent difficulties, dropping a further 0.37%. The S&P gained a modest 0.07%.

The Nasdaq has now gained less than 3% in the 106 days since Joe Biden became president. This contrasts with the approaching 11% gain for the Dow and approaching 10% gain for the S&P.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 5th May 2021

Biden has lost almost another 1% to Donald Trump on the Nasdaq comparison at the same point in their presidencies. Biden continues to have a good lead on the Dow and a good, but slightly reduced, lead on the S&P.

Table comparing the performance of the major stock indexes during the first 106 days of the presidencies of Joe Biden and Donald Trump

Biden has improved his position relative to Barack Obama by a few tenths of a percent on all 3 indexes since yesterday. He continues to trail substantially on the Nasdaq, but has a significant lead on the Dow Jones.

Table comparing the performance of the major stock indexes during the first 106 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.