A strong run of stock market gains came to a juddering halt Thursday as all 3 major US stock indexes lost ground. The Nasdaq closed down 3.02%, spooked possibly by rising US Treasury bond yields and rising coronavirus cases in Europe. The S&P fell 1.48% and the Dow a more modest 0.46%.

The Nasdaq is, therefore, back into negative territory since Joe Biden took over from Donald Trump. The tech-based index has dropped more than 2% since January 20th. The Dow has gained more than 5%.

Unsurprisingly, the stock market’s position under Biden relative to its position after 58 days under Trump has worsened. Trump now has a considerable 9.05% lead on the Nasdaq. The index had gained more than 6% at this stage of his presidency in comparison to its fall under Biden.

There has also been a remarkable turnaround in Biden’s position relative to Barack Obama after 58 days. An almost 7% lead on the Nasdaq has been erased in a single day. His advantage on the S&P has dropped almost 5%, while on the Dow he has seen his lead reduced by more than 2%.

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.