By Charles Riley, CNN BusinessIt’s been a year since President Joe Biden took the reins at the White House. The S&P 500 has increased nearly 18% since Biden took office on January 20, 2021, hitting a slew of new record highs along the way. The Nasdaq’s performance has been less spectacular, especially in recent weeks, when rising bond yields helped push the index into a correction. Big picture: The strong first year of the Biden era adds to a run of market success under Democratic presidents — despite concerns about higher taxes. Biden noted that Americans are seeing rapid price increases at grocery stores, at the gas pumps and elsewhere.

Source: CNN January 20, 2022 13:46 UTC