Thursday was a mixed day for the market, with 2 out of 3 key indexes experiencing small losses. The NASDAQ finished up 66.7 points (+0.5%), while the Dow Jones was down 69.6 points (-0.2%) and the S&P 500 was down 4.7 points (-0.1%).
Since President Trump took office, the NASDAQ has increased 123.9%, the Dow 52.1%, and the S&P 62.1% – a time period that spans 1421 total days. If we look at the first 1421 days of the Obama presidency, the NASDAQ had increased 95.3%, the Dow 59.0%, and the S&P 66.9%. Obama is leading Trump on 2 out of 3 key stock market indexes, as well as jobs created and GDP growth, while Trump is leading on NASDAQ performance.
On an annualized basis, the NASDAQ has increased 23.0% per year under President Trump, followed by the Dow increasing at 11.4% per year and the S&P increasing at 13.2%. These Dow Jones and S&P annualized numbers are below the annualized numbers for Obama, while the annualized NASDAQ number is above Obama, which is expected as we were already controlling for the number of days in office in the table above.
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.