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Trump stock market underperformed Obama's

Jan. 20, 2021 11:57AM EST
 Dan Ackermann
Data: Yahoo Finance; Chart: Andrew Witherspoon/Axios

U.S. stock markets hit record highs during President Trump's time in office, but mostly underperformed his predecessor.

Between the lines: Obama inherited a financial crisis and was thus starting from a much lower level than was Trump, who inherited a bull market. During Obama's first term, both the S&P 500 and Dow Jones Industrial Average had higher percentage gains than they did under Trump, although the Nasdaq rose more during Trump's first term.

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