Joe Biden has already beaten Trump’s S&P 500 gains, According to an analysis by Forbes.
Chuck Jones of Forbes looked into the records of Biden and Trump on S&P 500 and found that biden has “soundly beaten” Trump.
Chuck Jones wrote, “The S&P 500 closed at a record high on Thursday at 4,704.54 (its third close above 4,700) and fell just short of another record on Friday when it dropped 6.58 points or 0.14% to 4,697.96. The Nasdaq closed at a record high of 16,057, its first close above 16,000 while the Dow Industrials is the laggard at 35,601, almost 1,000 points below its record.”
“By President Trump’s favorite measure of success President Biden’s post-election gains in the S&P 500 Index have soundly beaten Trump’s equivalent at just over their one-year election anniversary,” he wrote
Chuck Jones also found that Biden is beating Trump’s market gains from the day election was called for him.
“the Index’s returns from when Biden’s election was called the weekend after the election to Friday Biden’s market returns are substantially above Trump’s by 13.3% and 9.7% from his inauguration.”