Stocks Down As Biden Loses More Ground To Trump

US stocks lost ground on Thursday, with the Nasdaq the biggest loser. It lost 1.03% of its value, while the S&P dropped 0.36%. The Dow was in the green for part of the day but ended a negligible 0.07% lower.

The Nasdaq has gained only a little over 3% in the 135 days of Joe Biden’s presidency. The Dow and S&P have done rather better, with the former not far short of 12% growth.

Table showing the state of key economic metrics during the presidency of Joe Biden as of June 3rd 2021

Biden has lost further ground in his comparison with Donald Trump. Trump’s lead on the Nasdaq is now into double figures, while Biden’s leads on the other 2 indexes are down once again, albeit not by particularly large amounts.

Table comparing the performance of the major stock indexes during the first 135 days of the presidencies of Joe Biden and Donald Trump

It is a more mixed picture for Biden in his comparison with Barack Obama. Obama’s lead on the Nasdaq has further increased by around a third of a percent since yesterday. However, Biden has retaken the lead on the S&P and increased his lead on the Dow Jones to over 7%.

Table comparing the performance of the major stock indexes during the first 135 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.