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.
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.
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.
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.