Stock Market – Biden’s Post-Election Stock Market Is Trouncing Trump’s
US President-elect Joe Biden shows a face mask as he answers questions about COVID 19 from the press … [+]
It is not just the Electoral College or the total number of votes where President Trump is coming up short of President-elect Biden. By one of President Trump’s favorite measures of success Biden’s post-election stock market gains have beaten Trump’s equivalent 2016 returns.
All three major indexes; the Dow 30 Industrials, S&P 500 and the Nasdaq have all generated greater percentage increases from their respective election days to December 31. And Biden’s outperformance includes from the day of the November 3 election and the Friday after the election since the race was not called until the weekend.
The Dow was Trump’s best performing Index but still comes up short of Biden
On the Tuesday in 2016 the election was held between Donald Trump and Hillary Clinton the Dow 30 Industrials closed at 18,333. The Index responded positively to Trump’s victory, called on the same evening, and continued to rise until mid-December before trailing off the last few days.
- November 8, 2016 close: 18,333
- December 31, 2016 close: 19,763, up 1,430 points or 7.8%
Dow 30 Industrials
On the Tuesday of the election between Trump and Biden the Index closed at 28,323. It also increased the next three days with Biden in the lead but the race had not been called. However, the following Monday the Index gapped upwards and continued a steady rise until the end of the year.
- November 3, 2020 close: 27,480
- November 6, 2020 close: 28,323
- December 31, 2020 close: 30,606
- It increased 3,126 points or 11.4% from November 3
- And increased 2,283 points or 8.1% from November 6
- Both timeframes beat Trump’s 7.8% return
Dow 30 Industrials
Biden’s margin was larger when looking at the S&P 500
Trump saw a smaller gain in the S&P 500 vs. the Dow 30 from his election day to December 31. It came in at 4.6%.
- November 8, 2016 close: 2,140
- December 31, 2016 close: 2,239, up 99 points or 4.6%
S&P 500
During the almost two months between Biden’s election and December 31 the S&P 500 performed very similar to the Dow. Biden’s outperformance was larger than what occurred with the Dow 30.
- November 3, 2020 close: 3,369
- November 6, 2020 close: 3,509
- December 31, 2020 close: 3,756
- It increased 387 points or 11.5% from November 3
- And increased 247 points or 7.0% from November 6
- Both timeframes beat Trump’s 4.6% return
S&P 500
The Nasdaq saw the largest difference in Biden’s outperformance
The post-election to December 31, 2016, timeframe saw the Nasdaq with the lowest performing Index for Trump, coming in at 3.7%
- November 8, 2016 close: 5,193
- December 31, 2016 close: 5,383, up 190 points or 3.7%
Nasdaq composite
On the flip side the Nasdaq was the best performing Index for Biden.
- November 3, 2020 close: 11,161
- November 6, 2020 close: 11,895
- December 31, 2020 close: 12,888
- It increased 1,728 points or 15.5% from November 3
- And increased 993 points or 8.3% from November 6
- Both timeframes easily beat Trump’s 3.7% return
Nasdaq composite
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