Gains On All 3 Indexes As More Records Broken On Stock Market

The Dow and S&P broke the records set Friday to close up by more than 0.5% apiece as the markets continued to benefit from the colossal stimulus package passed by the US Congress. The Nasdaq continued to claw back recent losses and finished up 1.05%.

The Dow has now gained almost 6% since President Joe Biden took office, while the Nasdaq is almost back to parity.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 15th March 2021

Biden has slightly improved his position relative to Donald Trump on all 3 indexes from Friday but continues to trail the former president on all of them. The Dow has gained less than 0.51% under Biden than it had under Trump after 55 days of their respective presidencies.

Table comparing the performance of the major stock indexes during the first 55 days of the presidencies of Joe Biden and Donald Trump

Biden has seen a notably better start to his presidency with regard to the stock market than Barack Obama did. He has added 0.71% to his lead on the Nasdaq and suffered only marginal reductions on the other 2 since Friday. He continues to have double digit leads over Obama on both the Dow and S&P.

Table comparing the performance of the major stock indexes during the first 55 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.