U.S. stocks closed out Joe Biden’s era on a high note as the president bids farewell to the White House. The 46th president of the United States is bringing his time at the White House to a close with the S&P 500 up over 55% since he took office on Jan.
"Biden inherited an economy that was flat on its back because of the pandemic, and he's bequeathing an economy that's flying high," said Mark Zandi, chief economist at Moody's Analytics. "Having said that, there are blemishes in the minds of many Americans ... They feel ripped off."
On an annualized basis, Biden’s Dow performance is slightly below the 50-year average, but higher than the average among 20th and 21st-century Democratic presidents. Among one-term presidents, the Dow’s performance under Biden is the worst since Jimmy Carter.
The S&P 500 gained 1% on Friday, capping off the last trading day of Biden's presidency and marking the best week since the election.
U.S. stocks are about to close out Joe Biden’s era on a high note as the president bids farewell to the White House. The 46th president of the United States is bringing his time at the White House to a close with the S&P 500 up around 54% since he took office on Jan.
Joe Biden is ending his term as US President with S&P 500 up over 55% since January 2021, when he took office, according to a recent report. Over the same period, the Dow Jones Industrial Average advanced more than 39% and Nasdaq Composite jumped nearly 46%,
Nvidia stock is higher Tuesday after President Trump revoked a 2023 executive order targeting AI developers. Here's what we know.
The Dow Jones rose even as other indexes fell on the stock market today. Nvidia swooned on a Biden AI move. Bill Ackman made an offer.
Drops for Nvidia and other superstar stocks are dragging U.S. indexes lower and keeping Wall Street stuck in its weekslong rut. The S&P 500 fell 0.8% early Monday. The index is coming off its fourth losing week in the last five.
Wallstreet is opening after a three-days holiday period due to weekend and Martin Luther King Jr Day. On US stock futures and dollar surged. A similar trend was seen in indices as well. Dow Jones outperformed its counterparts S&P 500 and Nasdaq Composite.
Donald Trump’s second presidency is now underway. Here’s a look at how U.S. stocks have fared historically during a new president’s initial months in the White House.
From the stock market impact to tariffs and inflation, what will Trump's second term mean for your money? The team at MoneyWeek is reporting live.