President Barack Obama had a chance to even a score on Wednesday — and didn’t.

The day after his final State of the Union address, the Dow Jones Industrial Average fell 2.21%, the biggest drop since after Bill Clinton’s 2000 address. If one includes Obama’s Feb. 24, 2009 address to a joint session of Congress (which looked and sounded like a State of the Union but technically wasn’t one), the Dow DJIA, -0.46% has dropped after five of eight of the 44th president’s big speeches to the nation. As the table below shows, stocks have risen after three.

The table shows the Dow on the day after State of the Union addresses, and on the day after speeches to joint sessions of Congress that effectively served as replacements for the State of the Union — like Obama’s February 2009 speech. It uses data compiled by the WSJ Market Data Group going back to 1961.

As MarketWatch reported when Obama spoke last January, there are naturally other reasons markets move. On Jan. 28, 2000, for example, the Dow had its worst post-speech reaction, dropping 2.6%. That was the day after Clinton’s final State of the Union address. At the time, the market was gripped by fears of Federal Reserve tightening. But the few stocks tied to Clinton, like large-cap drug stocks, actually rose.