Stocks Rise Sharply on Election Day, Trump Extends Lead on NASDAQ

Tuesday was a strong day for the stock market, with key indexes in the black for the entire day as the election got underway. At the conclusion of Tuesday’s trading session, the NASDAQ was up 1.9%, while the Dow was up 2.1% and the S&P 500 up 1.8%.

Tuesday marked President Trump’s 1384th day in office. Since he was inaugurated, the NASDAQ has increased 101.7%, the Dow has increased 39.3%, and the S&P has increased 48.9%.

Table showing Trump’s performance across all key metrics as of November 3, 2020

Through 1384 days in the Obama presidency, the NASDAQ had increased 95.0%, the Dow had increased 58.1%, and the S&P had increased 66.4%. 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.

Table comparing Trump’s performance to Obama in the stock market as of November 3, 2020

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.

Table comparing Trump’s annualized performance to Obama in the stock market as of November 3, 2020

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.