Deep Dive: These 20 stocks performed the best over the first 100 days of Biden’s presidency


(Updates story with closing prices through April 30, President Biden’s 100th day in office.)

Joe Biden has had a spectacular run — especially in the stock market. Friday was his his 100th day in office.

During the new president’s first 100 days in office, the Dow Jones Industrial Average DJIA, -0.54% rose 8.6% and the S&P 500 Index SPX, -0.72% advanced 8.5%.

Best performers in the S&P 500

Here are the 20 stocks among the S&P 500 that have had the highest total returns (with dividends reinvested) since Biden took office Jan. 20. There’s a second column showing returns since Election Day (Nov. 3, 2020):

Those are excellent returns. From the close Nov. 3, the S&P 500 was up 24.1% through April 30.

At the close on Election Day, the S&P 500 had bounced back 51% from its coronavirus pandemic closing low on March 23, 2020. But it was up only 4% for 2020.

So some of the companies on this list have to be considered recovery plays, especially retailers such as Gap Inc. GPS, -2.22% and L Brands Inc. LB, -1.13%


The Nasdaq Composite Index COMP, -0.85% rose 3.8% during Biden’s first 100 days in office. The Nasdaq-100 Index NDX, -0.78%, which includes the largest 100 non-financial companies in the full Nasdaq, was up 4.2%. This index is tracked by the Invesco QQQ Trust ETF QQQ, -0.66%.

Here are the 20 best performers among the Nasdaq-100 during Biden’s first 100 days in office:

So Moderna Inc. MRNA, +1.79% takes the Nasdaq-100 prize for Biden’s first 100 days. The Covid-19 vaccine developer’s stock is up 159% since Election Day.

In case you are wondering, shares of Tesla Inc. TSLA, +4.79% fell 17% during Biden’s first 100 days in office, for the fifth-worst performance in the Nasdaq-100. The worst performer in the Nasdaq-100 during Biden’s first 100 days was Peloton Interactive Inc. PTON, -0.56%, which was down 37%.

Don’t miss: Have you held any of these 20 stocks long term? Your current dividend yield might surprise you

This article was originally published by Read the original article here.

Previous articleS&P 500 index closes lower Friday but notches 5% monthly gain
Next articleU.S. to restrict travel from India as COVID cases surge


Please enter your comment!
Please enter your name here