Nasdaq Slumps In Tech Selloff

The Nasdaq dived 1.88% Tuesday as big name tech firms saw significant falls in their share price. The S&P was down a more modest 0.67%. The Dow Jones, meanwhile, recovered from sizeable early losses to close up 0.06%.

The Nasdaq’s gains under President Joe Biden have now been pared back to a little over 3%, while his gains on the S&P have dropped below 10%.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 4th May 2021

Donald Trump’s lead on the Nasdaq over Joe Biden after 105 days of presidency has increased by around 2% to over 6% since yesterday. He has also reduced Biden’s lead on the S&P by around three quarters of a percent. Biden’s lead on the Dow has edged up a tenth of a percent.

Table comparing the performance of the major stock indexes during the first 105 days of the presidencies of Joe Biden and Donald Trump

Barack Obama’s lead over Biden on the Nasdaq has jumped almost 5% in a single day to around 12%. He has also seen his deficits to Biden shrink substantially on the Dow and S&P.

Table comparing the performance of the major stock indexes during the first 105 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.