Stock Market Ends Week On A High

The stock market ended the week on a strong note as all 3 indexes closed up by more than 1%. The S&P was the biggest winner and more than doubled the gains it has made since President Joe Biden took office. The Dow ended 1.39% up, taking its gains under Biden to over 6%.

The Nasdaq recovered some of the ground it has lost recently, closing up 1.24%. It is still more than 2% lower than when Biden moved into the Oval Office on January 20th.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 26th March 2021

As a result of the market’s strong performance today, the lead Donald Trump has over Biden on the S&P has almost disappeared. That index had gained only a negligible amount more under Trump after 66 days than it has under Biden. Biden’s lead on the Dow has stretched over 1.5%, while his Nasdaq deficit to Trump is down to less than 8%.

Table comparing the performance of the major stock indexes during the first 66 days of the presidencies of Joe Biden and Donald Trump

Despite today’s stock gains, Biden’s position compared to Barack Obama has worsened. His leads on the Dow and S&P have reduced slightly but are still significant. His deficit on the Nasdaq has almost doubled to over 6%.

Table comparing the performance of the major stock indexes during the first 66 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.