Nasdaq and Biden Make Up Some Lost Ground

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%.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 31st March 2021

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.

Table comparing the performance of the major stock indexes during the first 71 days of the presidencies of Joe Biden and Donald Trump

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%.

Table comparing the performance of the major stock indexes during the first 71 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.