The Nasdaq gained 2.52%, while the Dow and S&P ended on record highs as the markets reacted to better than expected economic data.
The former’s large increase means that the index is nearly back into positive territory for President Joe Biden since he took office. It is now just 0.55% lower than it was January 20th when he took over from Donald Trump. The Dow is now more than 4% higher, while the S&P is more than 2% higher.
Following today’s stock gains, Biden has closed the gap to Donald Trump on their comparative gains at this stage in their presidencies. After 51 days, Trump’s lead on the Nasdaq has reduced a couple of percentage points to a little over 6. His leads on the Dow and S&P have also reduced by around half a percentage point.
Biden has also increased his lead relative to Barack Obama. He now leads the man he was vice-president to by more than 20% on the Dow.
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.