Technology Stocks Surge As Biden Closes Trump’s Lead

News | 2021-02-01

Technology Stocks Surge As Biden Closes Trump’s Lead

Shares on the NASDAQ stock index rose by 2.55% on day 13 of Joe Biden’s presidency. The Dow (up 0.76%) and S&P 500 (up 1.61%) also saw impressive gains.

Altogether, that means Biden has moved into positive territory on the NASDAQ but the Dow and S&P remain lower than when he took over as president from Donald Trump on 20th January.

Table showing how the stock market indexes have changed since Joe Biden took over as president as of 2nd February 2021

Compared to the start that the stock indexes made under Donald Trump, Biden is doing worse on the three main ones. His biggest deficit is on the Dow at over 3%.

Table showing how Donald Trump’s stock market performance compares with Joe Biden’s after 13 days of their presidencies

There is slightly better news for Biden if we compare him to Bill Clinton, his predecessor but one as a Democratic president. He edges ahead of the NASDAQ but remains with a significant deficit on the Dow (4.59%) and S&P (2.32%) at this early stage in his presidency.

Table showing how Bill Clinton’s stock market performance compares with Joe Biden’s after 13 days of their presidencies

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.