Stocks Make Roaring Start To The Week

News | 2021-05-24

Stocks Make Roaring Start To The Week

The stock market roared into the new week with a series of gains led by some of the tech stocks. The Nasdaq gained an impressive 1.41% during trading, while the S&P was up 0.99%. The Dow ended 0.54% higher.

The S&P has now joined the Dow Jones in having gained more than 10% under President Joe Biden. The Nasdaq’s gains have also increased significantly, but it is still some way behind on around 3.5% growth.

*Table showing the state of key economic metrics during the presidency of Joe Biden as of 24th May 2021*

There has been remarkably little change in Biden’s comparison with Donald Trump despite today’s gains. Biden’s lead on the Dow has actually dropped a little, while the Nasdaq and S&P gaps are virtually unchanged from Friday.

*Table comparing the performance of the major stock indexes during the first 125 days of the presidencies of Joe Biden and* Donald Trump

There has been a more significant change for Biden in his comparison with Barack Obama. Obama’s lead on the Nasdaq is down more than 1.5% to a little over 7%. Biden’s leads on the Dow and S&P are both up – the latter by over 1%.

*Table comparing the performance of the major stock indexes during the first 125 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.