Stock Indexes Fall Slightly; Biden’s Positions Worsens Compared To Trump But Improves Compared To Obama

All 3 major US stock indexes edged down marginally Tuesday. The S&P was down 0.32%, the Dow down 0.31%, while the Nasdaq dropped 0.11% of its value.

The Dow has still gained over 6% since President Joe Biden took office, while the Nasdaq has lost 3% of its value since that date.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 30th March 2021

Biden’s position on all 3 indexes has also worsened slightly compared to his predecessor Donald Trump after 70 days of their respective presidencies. His lead on the Dow is now less than 1%, while he trails Trump by almost 10% on the tech-based Nasdaq.

Table comparing the performance of the major stock indexes during the first 70 days of the presidencies of Joe Biden and Donald Trump

Biden’s position has improved by around 3 percentage points on each index compared with Barack Obama at the same stage in their presidencies. Biden’s lead on the Dow is up from 12.46% to over 15%, while he trails Obama by just over 1% on the Nasdaq.

Table comparing the performance of the major stock indexes during the first 70 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.