Stocks Fall Again; Biden’s Dow Lead Over Trump Reduces

The stock market dropped again Tuesday with the Dow leading the losses this time. It dropped 1.36%, while the S&P was down 0.87% on the day. The Nasdaq recovered from heavy early losses and was just 0.09% down by the close.

After 112 days of Joe Biden’s presidency, the Dow and S&P have seen strong, albeit reduced, growth, while the Nasdaq has gained only around 1.5%.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 11th May 2021

Biden’s leads over Donald Trump on the Dow and S&P have decreased since yesterday – the former by more than 1%. He has, however, reduced Trump’s larger lead on the Nasdaq slightly.

Table comparing the performance of the major stock indexes during the first 112 days of the presidencies of Joe Biden and Donald Trump

Biden has actually improved his position across all 3 indexes compared to Barack Obama. He has reduced Obama’s lead on the Nasdaq by a few tenths of a percent, while his lead on the Dow has grown by a similar amount. Biden’s lead over Obama on the S&P has more than doubled since yesterday.

Table comparing the performance of the major stock indexes during the first 112 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.