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.
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.
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.
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.