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Data: Yahoo Finance; Chart: Andrew Witherspoon/Axios

President Trump has presided over a stock market surge since taking office in 2017, but he's been outpaced by three of his four predecessors.

By the numbers: The S&P 500 grew by 44.5% since Trump's inauguration through the end of October 2020. This comes up short of former President Obama's 66.1% through the comparable time period, but well above the -15.8% for former President George W. Bush.

  • Trump's market performance also trails Obama in terms of the Dow Jones Industrial Average, although it tops Obama when it comes to the Nasdaq.

Context: Obama took office in the midst of an economic recession, so much of his S&P 500 performance was a rebound from the depths. Trump inherited a bull market that continued to rampage, outside of a brief dip early in the pandemic.

Be smart: The S&P 500 measures how investors view the health of large American companies, not how healthy the American economy may or may not be.

Go deeper

Jan 28, 2021 - Politics & Policy

Obama speechwriter fears Biden unity drive is one-sided

Cody Keenan (right) is shown heading to Marine One in December 2009. Photo: Mandel Ngan/AFP via Getty Images

President Obama's former speechwriter says he's "preemptively frustrated" with President Biden's effort to find unity with Republicans.

What they're saying: Cody Keenan told Axios that Biden's messaging team has "struck all the right chords," but at some point "they're gonna have to answer questions like, 'Why didn't you achieve unity?' when there's an entire political party that's already acting to stop it."

Updated 3 hours ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Coronavirus variant surveillance varies widely by state — Omicron cases confirmed in 5 U.S. states America probably won't lead the effort to understand Omicron.
  2. Vaccines: Omicron adds urgency to vaccinating world — Omicron fuels the case for COVID boosters — Moderna loses patent battles tied to COVID vaccine.
  3. Politics: Nevada to impose insurance surcharge on unvaccinated state workers — New Jersey GOP lawmakers defy statehouse COVID policy — Oklahoma sues Biden administration over Pentagon vaccine mandate — Omicron travel bans are sign of what's to come.
  4. World: WHO: Delta health measures help fight Omicron — COVID cases surge in South Africa in sign Omicron wave is coming — Germany approves new restrictions for unvaccinated people.
  5. Variant tracker: Where different strains are spreading.

Prosecutors charge parents of Michigan school shooting suspect

Photo: Scott Olson/Getty Images

The parents of a 15-year-old accused of killing four students and wounding seven other people at a Michigan high school have been charged with involuntary manslaughter, according to court documents.

Driving the news: James and Jennifer Crumbley were each charged with four counts of involuntary manslaughter.

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