BenzingaThese 10 Stocks Were S&P 500's Top Performers In Biden's First Year: Could Trend Continue If Harris Wins 2024 Election?
The stock market indexes have enjoyed record highs in recent years with the S&P 500 outperforming other years with President Joe Biden leading the country for the last nearly four years.
With the 2024 presidential election nearing, here's a look back at the top performing S&P 500 stocks in 2021, which was Biden's first year in the White House.
What Happened: Biden stepped down from the 2024 presidential election earlier this year. While the current president won't be re-elected to the White House, past performance with a Democrat as president could highlight which stocks and sectors could be winners if Kamala Harris is victorious in Tuesday's election.
The S&P 500, which is tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY) was up 26.9% in 2021. This marked the best yearly performance since 2018 and the second-best performance for the key stock market index in the last 11 years.
The 12 months following Election Day 2020, which was won by Biden, saw the S&P 500 gain 37.4%. This was the best one-year market return under a president in many years.
Here were the 10 best-performing S&P 500 stocks in 2021, according ...
