Nasdaq Leads Stock Market Slide

The Nasdaq dropped further Wednesday to close down a further 2.01% as all 3 indexes closed down on the day. The S&P lost 0.55% of its value, while the Dow was down a negligible 0.01%.

The Nasdaq has now lost getting on for 4% of its value since Joe Biden took over as president in January. The Dow is still up by almost 4%, but the S&P’s gains are reducing.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 24th March 2021

Biden continues to trail predecessor Donald Trump on all 3 indexes after 64 days in office. Trump’s lead on the Nasdaq has increased a couple of percentage points to almost 9%, while his S&P lead is over 2.5%. His advantage on the Dow has reduced slightly from yesterday.

Table comparing the performance of the major stock indexes during the first 64 days of the presidencies of Joe Biden and Donald Trump

Despite today’s losses, Biden has improved his position in comparison to Barack Obama from yesterday. He has reduced his deficit on the Nasdaq to less than 3%, while his leads on the Dow and S&P have risen by over 1%.

Table comparing the performance of the major stock indexes during the first 64 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.