Gains All Round As Dow and S&P Break Records

All 3 major US stock indexes closed more than 1% up as the markets digested good economic data, including a better-than-expected jobs report. The Nasdaq led the gains with a 1.67% climb. The Dow and S&P set new record highs, closing up by 1.13% and 1.44% respectively.

President Joe Biden has now seen the Dow climb by 7.5% since taking office. The S&P is up by almost 6%, while the Nasdaq now has gains of almost 2% following a slow run.

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

There is big change on the Biden and Donald Trump comparison too. Both the Dow and S&P have gained more after 76 days of President Biden than they had under his predecessor. Trump continues to have a lead, albeit a reduced one, on the tech-based Nasdaq stock index.

Table comparing the performance of the major stock indexes during the first 76 days of the presidencies of Joe Biden and Donald Trump

Biden’s position relative to Barack Obama has worsened over the Easter weekend but remains strong. His leads on the Dow and S&P have reduced a little but are still significant. He trails his Democratic Party predecessor on the Nasdaq by over 4% after 76 days of their presidencies.

Table comparing the performance of the major stock indexes during the first 76 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.