Stocks Inch Up But Biden Loses Ground To Obama

It was another relatively quiet day on the US stock market as the 3 main indexes closed fractionally up on the day. The Dow gained 0.19%, while the S&P and Nasdaq gained 0.08% and 0.09% respectively.

All 3 indexes, therefore, extended the gains they have made under President Joe Biden. The Dow continues to be the most successful index of his presidency with total gains nearing 12%.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 28th May 2021

There was little change in the comparison between Biden and Donald Trump as the markets were closed for this day in the latter’s presidency. Biden has, therefore, seen all 3 indexes move a little in his favor since yesterday.

Table comparing the performance of the major stock indexes during the first 129 days of the presidencies of Joe Biden and Donald Trump

Biden has lost ground to Barack Obama on all 3 indexes. Obama’s lead on the Nasdaq has widened by more than 1% to over 10%, while Biden’s leads on the Dow and S&P have reduced by a similar amount.

Table comparing the performance of the major stock indexes during the first 129 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.