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    Biden Wants To Go Tough On Wall Street. The Response? The Best Rally Since FDR

    The S&P 500 surged 11% in President Biden's first 100 days, the best performance since Franklin D. Roosevelt started his first term in 1933.
    by David Gura May 01, 2021 3 minutes
    People walk near the Wall Street Charging Bull statue on July 23, 2020, in New York City. Stocks have rallied during President Biden's first 100 days even as he has promised to raise taxes on corporations and wealthy investors and to go tougher on Wall Street.

    President Biden wants to raise taxes on corporations and wealthy investors. His top market regulator has promised a tougher approach. And leading Democrats who control Congress are proud adversaries of moguls and money managers.

    So, how has the stock market responded?

    With a rally that has sent the S&P 500 to an 11% surge in Biden's first 100 days, the best performance by the various versions of the index since Franklin Delano Roosevelt startedaccording to an NPR analysis of S&P data.

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