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.
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.
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.