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US stock market: Under Biden behind Trump - analysis by a financial expert
According to a report from www.finanzen.net, US stock markets have performed strongly in recent years, but what about the stock market under US President Joe Biden? Since Biden took office, the S&P 500 has gained about a quarter by the end of 2023. But compared to the term of office of his predecessor Donald Trump, the performance under other presidents was sometimes better. Strong stock market under Biden lags behind that of Trump Looking at the percentage performance of the S&P 500 from the last trading day before the inauguration to the last trading day of the third year of the presidency, it is clear that the S&P 500 between Joe Biden's inauguration...
US stock market: Under Biden behind Trump - analysis by a financial expert
According to a report by www.finanzen.net,
The US stock markets have developed strongly in recent years, but what about the stock market under US President Joe Biden? Since Biden took office, the S&P 500 has gained about a quarter by the end of 2023. But compared to the term of office of his predecessor Donald Trump, the performance under other presidents was sometimes better.
Strong stock market under Biden falls short of Trump's
Looking at the percentage development of the S&P 500 from the last trading day before the inauguration to the last trading day of the third year of the presidency, it can be seen that the S&P 500 was able to gain 25.6 percent between Joe Biden's inauguration and the market close on the last trading day in 2023. This is a strong increase, but cannot keep up with that during the same period during Trump's term in office. Between Trump's inauguration and the close of trading on the last day of trading in 2019, the S&P 500 actually rose by 42.7 percent.
Other former US presidents in comparison
In the period under consideration, the percentage development of the S&P 500 during the term of office of former US President Barack Obama exceeded both the development in the comparable period under Joe Biden and Donald Trump. Between the inauguration of former US President George W. Bush and the stock market close on the last trading day of the third year of his presidency, the S&P 500 fell by 17.3 percent.
Development of the US leading index and the tech indices
The US leading index Dow Jones rose by 21.9 percent under Joe Biden during the period under review, while it rose by 44.6 percent under Trump. The NASDAQ Composite is up 13.8 percent under Biden and around 62 percent under Trump. The NASDAQ 100 rose 29.5 percent between Biden's inauguration and the close of trading on the last trading day in 2023, while it rose 72.9 percent in the same period under Trump.
The effects on the market and the financial sector are complex. The performance of the US stock market under different presidents shows that political decisions and economic developments have a direct impact on the stock market. Investors and companies need to closely monitor developments in order to make informed financial decisions.
Article source: www.finanzen.net
Read the source article at www.finanzen.net