Biden’s first 100 days – With insights from The Wall Street Journal

Some of the world's most famous investors – Jeremy Grantham, Ray Dalio, to name two, have been warning the US stock market is showing signs it is close to boiling point. But, this week Apple and Amazon released results that fuelled their share prices. Both tech stocks are in the S&P 500, which has risen 10% since Joe Biden's January 20 inauguration, notes BizNews Premium partner The Wall Street Journal. "The index is on course for its strongest performance since the start of Roosevelt's first term in 1933, when it gained 80% after the Great Depression. By comparison, the S&P 500 rose 5.3% in the first 100 days of PresidentDonald Trump's term in early 2017 and on average has gained 3.2% over that period in presidential terms since Herbert Hoover's in 1929," it says. The Wall Street Journal's report card of Biden's first 100 days in the White House (below) provides evidence that the US president has been hard at work stoking the world's economic engine. – Jackie Cameron

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