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President Biden doesn't publicly talk about stock market performance during his time in office, but he's slightly outpacing his more boastful predecessor.

By the numbers: The S&P 500 increased by 4.6% during the first 50 trading days of the Biden presidency, from market close on Jan. 19 to market close on March 31. Trump's first 50-day bump was 4.4%, whereas President Obama was down 6.1%.

  • Biden also outperformed Trump in terms of Dow Jones Industrial Average performance, but Trump topped Biden on NASDAQ Composite performance.

Between the lines: Every president inherits different economic conditions.

  • Biden arrived near the end of a devastating pandemic, with business optimism growing.
  • Trump took office amidst a years-long bull market.
  • Obama was inaugurated with the economy still in freefall from the 2008 financial crisis.

Go deeper

NY court rules Trump must face "Apprentice" contestant defamation suit

Summer Zervos and her lawyer, Gloria Allred, in 2017. Photo: BARRY WILLIAMS/AFP via Getty Images

The New York State Court of Appeals on Tuesday ruled that former "Apprentice" contestant Summer Zervos' defamation lawsuit against former President Trump could proceed.

Why it matters: The case could be the first time Trump will have to answer questions in court under oath since he took office in 2017, the New York Times reports.

House votes to ban imports from Xinjiang over forced labor concerns

House Speaker Nancy Pelosi. Photo: Anna Moneymaker/Getty Images

The House voted 428-1 on Wednesday to pass a bill that would ban all imports from the Chinese region of Xinjiang unless the U.S. government determines that the products were not made with forced labor.

Why it matters: Both the Trump and Biden administrations, as well as several foreign parliaments, have recognized China's repression of Uyghurs and other Muslim minorities in Xinjiang as genocide.

Mark Meadows sues Pelosi, Jan. 6 committee

Then-White House chief of staff Mark Meadows speaks with reporters after a meeting with Senate Majority Leader Mitch McConnell on Nov. 18, 2020. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Former White House chief of staff Mark Meadows sued House Speaker Nancy Pelosi and all nine members of the Jan. 6 select committee on Wednesday.

Why it matters: The move comes less than a day after the committee moved to hold Meadows in contempt for refusing to cooperate with its investigation of the Capitol riots.