U.S. stocks closed out Joe Biden’s era on a high note as the president bids farewell to the White House. The 46th president of the United States is bringing his time at the White House to a close with the S&P 500 up over 55% since he took office on Jan.

Joe Biden is ending his term as US President with S&P 500 up over 55% since January 2021, when he took office, according to a recent report. Over the same period, the Dow Jones Industrial Average advanced more than 39% and Nasdaq Composite jumped nearly 46%,

"Biden inherited an economy that was flat on its back because of the pandemic, and he's bequeathing an economy that's flying high," said Mark Zandi, chief economist at Moody's Analytics. "Having said that, there are blemishes in the minds of many Americans ... They feel ripped off."

On an annualized basis, Biden’s Dow performance is slightly below the 50-year average, but higher than the average among 20th and 21st-century Democratic presidents. Among one-term presidents, the Dow’s performance under Biden is the worst since Jimmy Carter.

Wallstreet is opening after a three-days holiday period due to weekend and Martin Luther King Jr Day. On US stock futures and dollar surged. A similar trend was seen in indices as well. Dow Jones outperformed its counterparts S&P 500 and Nasdaq Composite.

In our news wrap Monday, President Biden defended his legacy on the world stage during an address at the State Department, the White House proposed export limits on computer chips used in artificial intelligence,

Wall Street analyzed the cooler-than-expected producer price index for December on Tuesday and looked ahead to the consumer price index report on Wednesday.

U.S. stocks are about to close out Joe Biden’s era on a high note as the president bids farewell to the White House. The 46th president of the United States is bringing his time at the White House to a close with the S&P 500 up around 54% since he took office on Jan.

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