Stock Market Drops As Trump’s Nasdaq Lead Over Biden Shoots Up

All 3 US stock indexes fell Monday, with the Nasdaq down particularly sharply. It dropped 2.55%, with the S&P down 1.04%. The Dow was up for most of the day but ended down 0.10%.

The Nasdaq’s gains under President Joe Biden have now be stripped back to less than 2% after 111 days of presidency. The Dow has grown by more than 12%, in contrast.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 10th May 2021

Biden’s deficit to Donald Trump on the Nasdaq has widened by more than 3% to over 9% since Friday. Biden has also seen his lead on the S&P decrease by more than 1%, while his lead on the Dow has actually increased slightly.

Table comparing the performance of the major stock indexes during the first 111 days of the presidencies of Joe Biden and Donald Trump

Biden has also seen a significant deterioration in his position compared to Barack Obama at the same stage in his first term of presidency. Obama’s lead on the Nasdaq has increased by more than 4%. Biden’s lead on the S&P is down by almost as much to less than 1%. His Dow lead has reduced by more than 2%.

Table comparing the performance of the major stock indexes during the first 111 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.