President Trump regularly boasts about the stock market's strong performance since his inauguration, including how the Dow Jones Industrial Average is at a record high. What Trump hasn't noted, however, is that Barack Obama and George H.W. Bush oversaw greater stock market expansion during their first six months in office, as judged by percentage growth of the S&P 500.

Context: Obama took office in the midst of an economic recession, so much of his S&P 500 increase was a rebound from the depths. Trump, on the other hand, inherited an already-growing market that has accelerated since his inauguration.

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Data: S&P Global Market Intelligence, Yahoo Finance; Chart: Andrew Witherspoon / Axios

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Stocks close down more than 3%

Photo: Alexi Rosenfeld via Getty Images

Stocks took a hit on Wednesday, with the S&P 500, Dow Jones Industrials Average and Nasdaq dropping more than 3% across the board.

Why it matters: The volatility is a break from the stock market grinding higher in the face of spiking coronavirus cases, a stalling economy and gridlocked negotiations over an additional stimulus package.

Zeta, now a Category 2 Hurricane, closes in on Louisiana coast

The probable path of Zeta, per the National Hurricane Center. Photo: NHC/NOAA

Zeta strengthened on Wednesday afternoon, on track to make landfall along the southeastern coast of Louisiana by the afternoon as a "significant" Category 2 hurricane, per the National Hurricane Center.

The state of play: Zeta is producing 100-mph maximum sustained winds and stronger gusts. The storm is gaining strength as it heads northeastward at 20 mph. Louisiana Gov. John Bel Edwards (D) requested a pre-landfall Emergency Declaration in a letter to President Trump on Tuesday.