Stocks Tumble Again

US stock indexes fell across the board for the second day in a row Tuesday. The Nasdaq was again the biggest loser, dropping 0.92% of its value. The Dow was down 0.75% and the S&P lost 0.68%.

President Joe Biden has still seen all 3 indexes gain since he took office. However, the gains are down for a second day in a row, with the Nasdaq only up a little over 2% during his presidency.

Table showing the state of key economic metrics during the presidency of Joe Biden as of 20th April 2021

Biden has suffered a deterioration in his position compared to Donald Trump on all 3 indexes since yesterday of between 1 and 2%. After 91 days of his presidency, the Nasdaq had grown by 6.80% for Trump compared to 2.44% for Biden.

Table comparing the performance of the major stock indexes during the first 91 days of the presidencies of Joe Biden and Donald Trump

Biden’s position relative to Barack Obama has surprisingly improved from yesterday. The stock market fell sharply on day 91 of Obama’s first term. Biden’s deficit on the Nasdaq has more than halved, while strong leads on the Dow and S&P are up well over 2%.

Table comparing the performance of the major stock indexes during the first 91 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.