How Joe Biden’s 2021 Stock Market Performance Compares to Donald Trump’s First Year

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The stock market has improved significantly during Joe Biden‘s first year in office, and the president has outpaced former President Donald Trump in some key economic measures.

The U.S. economy has grown faster during Biden’s first year in office than in any president’s first year since former President Jimmy Carter, who took office in January 1977. Stock markets have also performed well, with the S&P 500 hitting new records.

Though the gains in the Nasdaq and Dow stock indices are behind where they were during Trump’s first year, the S&P 500 is considered the market’s broadest benchmark and is of major importance to investors.

The S&P 500 achieved 70 closing highs this year. This is the second highest number of record highs since 1995, when the index reached 77 all-time highs.

During Trump’s first year in office in 2017, the S&P 500 recorded 62 all-time highs.

Though stock markets were…

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