Comparison of stock market performance under Trump’s two terms
Axios · September 20, 2026Original source ↗

What happened
During President Trump’s second term, the S&P 500 increased by nearly 27.6%, slightly lower than the 28.5% rise during his first term. Trump 2.0’s performance also lags behind some predecessors in the Dow Jones Industrial Average and Nasdaq Composite but exceeds Biden's results.
Why it matters
This data may influence public perception of the current administration's economic management.
How this story affects people
How does this story affect you if you invest in the stock market?
The performance of the S&P 500 during Trump's second term could influence your investment decisions and expectations for future returns. Understanding how this compares to previous administrations may affect your confidence in the current economic management.
How does this story affect you if you are a business owner?
Stock market performance can impact consumer confidence and spending, which in turn may affect your sales and growth prospects. A strong stock market often leads to increased investment and hiring, which could benefit your business.
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