Tuesday was a big day for the stock market, with key indexes in the black from open to close. At the conclusion of Tuesday’s trading session, the NASDAQ was up 1.3%, while the Dow was up 1.5% and the S&P 500 up 1.6%.
Tuesday marked President Trump’s 1405th day in office. Since he was inaugurated, the NASDAQ has increased 117.3%, the Dow has increased 52.3%, and the S&P has increased 60.6%.
Through 1405 days in the Obama presidency, the NASDAQ had increased 94.0%, the Dow had increased 57.1%, and the S&P had increased 65.8%. Obama is lagging behind Trump in NASDAQ performance, but is leading Trump in 4 of the 5 of the key metrics we track, including GDP and jobs growth.
Stock market performance can also be measured on an annualized basis. Obama is leading Trump on annualized stock market performance for the Dow Jones and S&P, while lagging Trump on the NASDAQ, which we already knew because we controlled for the number of days in office above. However, annualized performance can be a good way to compare stock market performance between two presidents that had a different number of terms in office.
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.