Joe Biden has had a spectacular streak, especially in the stock market. Today is your 100th day in office. During Biden’s first 99 days in office through April 29, the Dow Jones Industrial Average DJIA, + 0.71% increased 10.1%. That would be the biggest gain during the first 100 days for any president, regardless of term, since Franklin D. Roosevelt took office in 1933 (during Roosevelt’s first 100 days in 1933, the DJIA increased by 75.4%).
The S&P 500 SPX Index, + 0.68% has performed even better, increasing 10.9% during Biden’s first 99 days. Again, this would be the best performance during a president’s first 100 days since FDR’s first term, when the benchmark rose 79.6%. Top performers in the S&P 500 Here are the 20 S&P 500 stocks that have had the highest total returns (with dividends reinvested) since Biden took office. There is a second column showing the returns since Election Day (November 3) – they are excellent returns. Since the close of November 3, the S&P 500 had risen 25% through April 29. As of the close on Election Day, the S&P 500 had recovered 51% from the close of the coronavirus pandemic to a low on March 23, 2020. But it only rose. 4% by 2020. Therefore, some of the companies on this list should be considered recovery plays, especially retailers, such as Gap Inc. GPS, -1.20% and L Brands Inc. LB, -1.17% Nasdaq- 100 The Nasdaq Composite Index COMP, + 0.22% increased 9.3% during Biden’s first 99 days in office. The Nasdaq-100 NDX Index, + 0.49%, which includes the 100 largest nonfinancial companies on the entire Nasdaq, was up 10.8%. This index is followed by Invesco QQQ Trust ETF QQQ, + 0.36%. Here are the top 20 performers among the Nasdaq-100 during Biden’s first 99 days in office: So Moderna Inc. MRNA, -1.68% takes the Nasdaq-100 award for Biden’s first 99 days. Shares of the developer of the Covid-19 vaccine are up 154% since Election Day. In case you’re wondering, shares of Tesla Inc. TSLA, -2.51% fell 26% during Biden’s first 99 days in office, for the third worst performance on the Nasdaq-100, after Peloton Interactive Inc. PTON, -4.19%, which fell 37%, and Seagen Inc. SGEN, -3.66%, which fell 27%. Don’t Miss: Have you had any of these 20 long-term stocks? Your current dividend yield might surprise you