The 3 main US stock indexes rose by over 1% Friday to end a topsy-turvy week on a high. The S&P was up the most at 1.95%, while the Dow was up 1.85%. The Nasdaq’s more modest 1.55% growth at least made up for some of its recent losses.
Today’s gains mean that both the S&P and Dow have gained ground under President Joe Biden, although the Nasdaq still remains lower than when he took over from Donald Trump January.
If we compare Biden to Trump we can see that the stock market was doing significantly better at this stage in the latter’s presidency. After 45 days, Trump had seen the Nasdaq grow 8% more than Biden, with the figures for the Dow and S&P at over 4%.
Biden has, however, seen the stock market do better than under his Democratic predecessor Barack Obama. After 45 days, all 3 indexes were well into negative territory under Obama, giving his one-time vice-president a double-figure lead.
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.