Stocks Rebound To End Three-Day Slump

US stocks rebounded Thursday following their biggest slump for at least 11 weeks earlier this week. The Dow Jones was up the most at 1.29% with the S&P not far behind with a 1.22% rise. The Nasdaq gained 0.72%.

The Nasdaq remains in negative territory under President Joe Biden but its losses have been more than halved since yesterday. The Dow’s gains are back up to around 10%, with the S&P having gained more than 8% under Biden.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 13th May 2021

Biden has improved his position compared to Donald Trump on all 3 indexes. Trump has about an 11% lead on the Nasdaq, while Biden has smaller leads on both the Dow Jones and S&P.

Table comparing the performance of the major stock indexes during the first 114 days of the presidencies of Joe Biden and Donald Trump

Biden’s position compared to his Democratic predecessor Barack Obama has improved dramatically since yesterday. He has reduced Obama’s lead on the Nasdaq by more than 4%. Biden’s leads on both the Dow and S&P have increased by more than 3%.

Table comparing the performance of the major stock indexes during the first 114 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.