Quieter Day On Stock Market Ends Topsy-Turvy Week

It was a less dramatic day on the stock market Friday. The Nasdaq gained 0.76% to partially undo the dramatic slump it had yesterday. The Dow was 0.71% down, while the S&P was virtually unchanged with a loss of 0.06%.

The week’s stock market moves mean that the Nasdaq has still lost ground under President Joe Biden. The Dow is more than 4.5% higher than when he was inaugurated January 20th.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 19th March 2021

It remains the case that all 3 stock indexes have done less well after 59 days of Biden than they had after 59 days of Donald Trump’s presidency. The Nasdaq has done more than 8% worse, having gained more then 6% at this stage of Trump’s presidency.

Table comparing the performance of the major stock indexes during the first 59 days of the presidencies of Joe Biden and Donald Trump

Biden has retaken the lead from Barack Obama on the Nasdaq after 59 days of their respective presidencies. The tech-based index had lost 3% of its value at this stage of Obama’s presidency, compared to 1.8% for Biden. Biden has also slightly increased his lead over his Democratic predecessor on the Dow and S&P.

Table comparing the performance of the major stock indexes during the first 59 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.