Stock Market Dips Again

The 3 main US stock indexes closed down almost 1% apiece Thursday. The Nasdaq and Dow dropped 0.94%, while the S&P was down 0.92%. Analysts speculated that the falls were down to news that President Joe Biden was planning some tax rises, most notably increasing the rate of capital gains tax.

Nonetheless, all 3 indexes are well into positive territory as Biden nears 100 days in office. The Dow is the best performing index, with a rise of over 8% since inauguration day.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 22nd April 2021

Biden’s deficit to Donald Trump on the Nasdaq after 93 days of their respective presidencies has widened to around 4%. His leads on the Dow and S&P have been pared back by about 1%. since yesterday.

Table comparing the performance of the major stock indexes during the first 93 days of the presidencies of Joe Biden and Donald Trump

Biden’s deficit to Barack Obama on the Nasdaq has grown to almost 5% after 93 days of their respective presidencies. His leads on the Dow and S&P have changed little since Wednesday.

Table comparing the performance of the major stock indexes during the first 93 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.