Nasdaq Falls Sharply On Mixed Day

The Nasdaq stock index closed down by 2.41% on the day as investors moved away from tech stocks. The main beneficiary of this was the Dow, which closed up 0.97%. The S&P closed down 0.54%.

This means that the Nasdaq in comfortably the worst performing index under Joe Biden’s presidency. It has now fallen by more than 4% since January, while the Dow has gained almost 3%.

As a result, Joe Biden’s deficit to Donald Trump at the same stage in their presidencies has grown to almost 10% on the Nasdaq. However, he has reduced Trump’s advantage on the other two indexes from Friday although they remain significant.

Table comparing the performance of the stock market after 48 days of the presidencies of Joe Biden and Donald Trump

Biden does, of course, continue to hold a large lead on the comparison with Barack Obama. He has a more than 20-point advantage on the Dow and S&P, while his lead on the Nasdaq has shrunk a couple of points to less than 11.

Table comparing the performance of the stock market after 48 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.