The State of the Union Is Tonight. For Biden, Another Measure Is the Stock Market.

President Joe Biden has plenty on his mind as he heads into another State of the Union address Tuesday evening. Look no further than the performance of the stock market over his first two years in office for evidence of what the nation has faced.

Emerging from the pandemic crisis, the

Dow Jones Industrial Average

gained about 11% over the year following Biden’s inauguration on Jan. 20, 2021, Investors were optimistic about the rollout of Covid-19 vaccines, strong corporate earnings and economic growth, and the Federal Reserve’s easy monetary policy.