Jan 19, 2025 - Business
Biden's stock market trailed Trump's
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President Biden will leave office having presided over a very strong stock market, but not quite as strong as either of his two predecessors.
The big picture: The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all gained more during Trump's first term than during Biden's.
By the numbers: The S&P 500 gained 66.5% under Trump and 57.9% under Biden.
- The Dow Jones Industrial Average gained 56.8% under Trump and 40.2% under Biden.
- The Nasdaq composite gained a whopping 137.5% under Trump, and 47.1% under Biden.
Flashback: Trump had warned in 2020 that the stock markets would "crash" were Biden elected. That didn't happen.
The bottom line: Presidents don't determine stock market performance, but often their supporters like to use the markets as an economic measuring stick.
Go deeper: Biden job gains top Trump and Obama
