Stocks Edge Up; Biden Loses Ground In Comparison With Obama

All 3 of the main US stock indexes gained ground Wednesday. The Nasdaq was up the most with a 0.59% rise. The S&P gained 0.19% and the Dow Jones 0.03%.

The tech-based Nasdaq has now gained more than 4% under President Joe Biden, with the Dow and S&P both over the 10% mark.

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

Biden has improved his position compared to Donald Trump on all 3 indexes since yesterday. He has reduced Trump’s lead on the Nasdaq by about 0.5% and increased his leads on the Dow and S&P by a small amount.

Table comparing the performance of the major stock indexes during the first 127 days of the presidencies of Joe Biden and Donald Trump

Biden has, however, lost considerable ground to Barack Obama following what was a good day 127 for the stock market during the latter’s presidency. Obama’s lead on the Nasdaq has increased by more than 3% to over 10%. Biden has also seen the leads he holds on the Dow and S&P trimmed by more than 2% apiece.

Table comparing the performance of the major stock indexes during the first 127 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.