Stocks Gain As Biden Improves Position Compared To Trump

The 3 main US stock indexes made up some of the ground lost earlier in the week with a string of gains on Thursday. The Nasdaq led the charge with an impressive gain of 1.77% on the day. The S&P was up 1.06% and the Dow Jones 0.55%.

The Nasdaq has, therefore, trebled its gains under the presidency of Joe Biden in a single day. The tech-based index has now gained more than 2.5% since January 20th. The Dow’s gains have tipped back above 10%.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 20th May 2021

Biden has also improved his position compared to Donald Trump at the same stage in their presidencies. Trump’s lead on the Nasdaq has reduced by almost 2% to a little over 7%. Biden has increased leads of over 4% apiece on the S&P and Dow Jones.

Table comparing the performance of the major stock indexes during the first 121 days of the presidencies of Joe Biden and Donald Trump

Biden has improved his position compared to Barack Obama by an even greater amount, including more than doubling his lead on the S&P. Biden’s lead on the Dow has grown by more than 1%, while Obama has seen his advantage on the Nasdaq reduce by more than 2%.

Table comparing the performance of the major stock indexes during the first 121 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.