Dow, S&P Down As Winning Run Comes To An End

News | 2021-03-16

Dow, S&P Down As Winning Run Comes To An End

The Dow and S&P both closed Tuesday down slightly to end a strong run that had culminated in a record high yesterday. The former closed down 0.39%, while the S&P fell 0.16%. There was a small 0.09% rise for the Nasdaq.

Biden has, therefore, still seen gains on both the Dow and S&P after 56 days of his presidency. The Nasdaq is very, very close to being back to where it was when he took over from Donald Trump on January 20th.

*Table showing the state of key economic metrics during the presidency of Joe Biden as of 16th March 2021*

Biden continues to trail Trump on all 3 stock indexes after 56 days of their respective presidencies. There is little change compared to yesterday, with the most notable one being Biden’s deficit on the Dow increasing by a third of one percent to 0.84%.

*Table comparing the performance of the major stock indexes during the first 56 days of the presidencies of Joe Biden and Donald Trump*

The stock market under Biden continues to do remarkably better than it had under Barack Obama at this stage of his presidency. Biden has actually increased his lead on the Nasdaq by almost 2%. He continues to have substantial leads on the Dow and S&P.

*Table comparing the performance of the major stock indexes during the first 56 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.