<p>Saul Loeb / AFP / Getty Images</p>
<p>2024 年 11 月 13 日，乔·拜登总统在华盛顿特区白宫的椭圆形办公室与当选总统唐纳德·特朗普会面。</p>
<p>周五，股市上涨，为乔·拜登总统执政期间的强劲表现画上句号，并使股票在唐纳德·特朗普周一就职前接近历史最高点。</p>
<p>标准普尔 500 指数周五上涨 1%，自 2021 年 1 月 20 日乔·拜登就职以来上涨了 58%。在拜登总统任期内，标准普尔 500 指数的表现低于特朗普第一任期近 70% 的回报（不包括股息）。它也低于奥巴马第一任期超过 80% 的回报，当时股市从大衰退的熊市中反弹。</p>
<p>拜登的总统任期开始时，股市正从疫情低点迅速反弹，受到刺激支票、被困的零售投资者涌入以及大型科技公司利润飙升的推动。拜登继承的这波反弹在供应链中断、油价飙升和货币供应激增的影响下结束，导致美国经历自 1970 年代以来最严重的通货膨胀。美联储的激进加息使股市陷入熊市，标准普尔 500 指数在此期间损失了约四分之一的价值。2022 年底 ChatGPT 的推出引发了人工智能热潮，自此推动股市持续上涨。</p>
<p>同样，拜登的总统任期对蓝筹股道琼斯工业平均指数来说也是一个不错的时期，但不及特朗普的第一任期和奥巴马的两个任期。道琼斯在特朗普任期内上涨超过 56%，在奥巴马任期内上涨近 150%。然而，拜登在白宫的时间远比乔治·W·布什在 2001 年至 2009 年任期内的表现要好，当时道琼斯损失了约四分之一的价值。</p>
<p>按年化计算，拜登的道琼斯表现略低于 50 年平均水平，但高于 20 世纪和 21 世纪民主党总统的平均水平。在一任总统中，拜登的道琼斯表现是自吉米·卡特以来最差的。</p>
<p>诚然，总统对股市的控制非常有限。他们的言论可能会提振或打压市场情绪，他们的政策可能会使某些行业受益或受到伤害。但华尔街及其主要指数遵循美国和全球经济的起伏，而总统的影响在他们离任之前通常不易察觉。</p>
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陶氏化学

<p>在拜登总统任期内，标准普尔 500 指数上涨了 58%，而特朗普的第一任期则实现了近 70% 的回报。拜登的总统任期始于从 COVID-19 低点的市场复苏，但面临通货膨胀和供应链问题等挑战，导致出现熊市。道琼斯指数在拜登任内表现良好，但不及特朗普或奥巴马时期的强劲。总体而言，拜登的股市表现低于 50 年的平均水平，并且是自吉米·卡特以来一任总统中表现最差的，这突显了总统对市场动态的有限控制</p>

<p>Saul Loeb / AFP / Getty Images</p>
<div class="lb-trans"><p>Saul Loeb / AFP / Getty Images</p>
</div><p>President Joe Biden meets with President-elect Donald Trump in the Oval Office of the White House in Washington, DC, on November 13, 2024.</p>
<div class="lb-trans"><p>2024 年 11 月 13 日，乔·拜登总统在华盛顿特区白宫的椭圆形办公室与当选总统唐纳德·特朗普会面。</p>
</div><p>Stocks rose on Friday, capping off a strong run for markets under President Joe Biden and putting equities near record highs ahead of Donald Trump’s inauguration on Monday.</p>
<div class="lb-trans"><p>周五，股市上涨，为乔·拜登总统执政期间的强劲表现画上句号，并使股票在唐纳德·特朗普周一就职前接近历史最高点。</p>
</div><p>The S&amp;P 500 rose 1% on Friday, putting it up 58% since Joe Biden’s inauguration on Jan. 20, 2021. The S&amp;P 500’s performance during Biden’s presidency fell short of its nearly 70% return (excluding dividends) during Trump’s first term. It also falls short of the more than 80% return registered in Obama’s first term, when stocks rebounded from the bear market of the Great Recession.</p>
<div class="lb-trans"><p>标准普尔 500 指数周五上涨 1%，自 2021 年 1 月 20 日乔·拜登就职以来上涨了 58%。在拜登总统任期内，标准普尔 500 指数的表现低于特朗普第一任期近 70% 的回报（不包括股息）。它也低于奥巴马第一任期超过 80% 的回报，当时股市从大衰退的熊市中反弹。</p>
</div><p>Biden’s presidency began as stocks were soaring off of their peak-Covid lows, lifted by stimulus checks, an influx of cooped-up retail investors, and ballooning profits at big tech companies. The rally Biden inherited came to an end when supply chain disruptions, soaring oil prices, and a huge supply of money contributed to the U.S.’s worst bout of inflation since the 1970s. Aggressive rate hikes by the Federal Reserve plunged stocks into a bear market, during which the S&amp;P 500 lost about a quarter of its value. The launch of ChatGPT in late 2022 sparked the AI craze that has propelled stocks higher ever since.</p>
<div class="lb-trans"><p>拜登的总统任期开始时，股市正从疫情低点迅速反弹，受到刺激支票、被困的零售投资者涌入以及大型科技公司利润飙升的推动。拜登继承的这波反弹在供应链中断、油价飙升和货币供应激增的影响下结束，导致美国经历自 1970 年代以来最严重的通货膨胀。美联储的激进加息使股市陷入熊市，标准普尔 500 指数在此期间损失了约四分之一的价值。2022 年底 ChatGPT 的推出引发了人工智能热潮，自此推动股市持续上涨。</p>
</div><p>Similarly, Biden’s presidency was a good time for the blue-chip Dow Jones Industrial Average, but not quite as good as Trump’s first term and Obama’s two terms. The Dow advanced more than 56% under Trump and rose almost 150% under Obama. However, Biden’s time in the White House was far better for Wall Street than George W. Bush’s tenure between 2001 and 2009 when the Dow lost about a quarter of its value.</p>
<div class="lb-trans"><p>同样，拜登的总统任期对蓝筹股道琼斯工业平均指数来说也是一个不错的时期，但不及特朗普的第一任期和奥巴马的两个任期。道琼斯在特朗普任期内上涨超过 56%，在奥巴马任期内上涨近 150%。然而，拜登在白宫的时间远比乔治·W·布什在 2001 年至 2009 年任期内的表现要好，当时道琼斯损失了约四分之一的价值。</p>
</div><p>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.</p>
<div class="lb-trans"><p>按年化计算，拜登的道琼斯表现略低于 50 年平均水平，但高于 20 世纪和 21 世纪民主党总统的平均水平。在一任总统中，拜登的道琼斯表现是自吉米·卡特以来最差的。</p>
</div><p>Granted, a president has very little control over the stock market. Their statements may brighten or darken market sentiment, and their policies can benefit or harm certain industries. But Wall Street and its major indexes follow the ebbs and flows of the U.S. and global economies, on which a president's imprint is rarely visible before they're out of office.</p>
<div class="lb-trans"><p>诚然，总统对股市的控制非常有限。他们的言论可能会提振或打压市场情绪，他们的政策可能会使某些行业受益或受到伤害。但华尔街及其主要指数遵循美国和全球经济的起伏，而总统的影响在他们离任之前通常不易察觉。</p>
</div><p>Read the original article on Investopedia</p>
<div class="lb-trans"><p>阅读原文请访问 Investopedia</p>
</div>

Biden vs. Trump: Who Had the Better Stock Market? The S&P 500 Gained More Than 50% During Biden's Presidency

雅虎北美

拜登 vs. 特朗普：谁的股市表现更好？在拜登任期内，标普 500 指数上涨了超过 50%