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.
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%.
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%.
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.