President-elect Donald Trump was named Time’s “People of the Year” for the second time in New York City on December 12, 2024, and walked into the floor of the NYSE with his wife Melania.
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this S&P 500 Now I have lost all the benefits of being president after the election Donald Trump Frustrated are some investors who hope he is just hanging on the tariffs, but igniting one trade war.
The index was on Tuesday Wide market salewell below the 5,782.76 closure on Election Day on November 5. By noon, the benchmark remains below this level.
The S&P 500 has now given up all post-election earnings.
Investors initially won Trump as the S&P 500 jumped 2.53% on November 6, hoping that deregulation and tax cuts would outweigh any tariff impact. At its peak, the S&P 500 closed 6,144.15 on February 19, bringing its total post-election yield to 6.25%. On Wall Street, earnings began to be called “Trump Bump.”
Currently, the S&P 500 S&P 500 fell 2% in 2025, and the Nasdaq Composite Index is in the correction area.
Some sectors that many investors and strategists hope to benefit under Trump have also declined since the election.
Small hat hit
this Industrial Selection Sector SPDR Fund (XLI) It has fallen by more than 3% since Election Day. this Energy Selection Sector SPDR Fund (XLE) Slide over 4%. Little hat Russell 2000 – Up 5.84% on November 6 – down about 9%.
A so-called Trump Trade Still bank stocks, Financial Selection Sector SPDR Fund (XLF) It has continued to grow by more than 6% since Election Day. However, the industry fell more than 3% on Tuesday.
The downward trend is as the Trump administration’s tariff plan begins to take effect. Although Trump raised tariffs during his first White House tenure and again ran for raising tariffs in 2024, many Wall Street strategists and investors have been suspicious that the tax will be fully implemented.
However, tariffs on Mexico, Canada and China took effect on Tuesday. Canada and China have announced retaliation measures, with Mexican President Claudia Sheinbaum saying her country will do the same this weekend.
Howard Lutnick, Secretary of Commerce, isSquawk Box“On Tuesday, the current tariffs were linked to concerns about fentanyl crossing the border, and the U.S. still plans to announce broader measures in April. Canadian Prime Minister Justin Trudeau delayed opposition to fentanyl’s justification, calling it “completely false.”
