The Nasdaq stock index closed up 1.54% Wednesday, recovering some of the ground it has lost in recent days. The S&P also closed ahead, gaining 0.36%. The Dow dropped 0.26%.
This means that the losses the Nasdaq has seen under President Joe Biden have almost halved in a single day. It has now lost 1.56% of its value since inauguration day. The S&P’s gains have advanced over 3%, while the Dow’s gains have edged below 6%.
Biden has improved his position compared to Donald Trump at this stage of their presidencies on all 3 indexes. His lead on the Dow has inched back up past 1%. His deficit on the Nasdaq has reduced by over 1% to a still-considerable 8.27%, while his S&P deficit has reduced by more than 0.5% from yesterday.
By contrast, Biden’s position relative to Barack Obama after 71 days of presidency has worsened on all 3 indexes from yesterday. He has fallen fractionally further behind on the Nasdaq and seen his Dow and S&P leads shrink by roughly 1%.
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.