Wall Street Wanted Tax Cuts. Instead, It Got Tariffs and a Bad Case of Déjà Vu.
President Trump's second term has begun with a decisive stock market sell-off.
It's been two months since President Donald Trump was inaugurated for his historic nonconsecutive second term. But what was viewed as a boon for Wall Street has turned into something of a nightmare.
During President Trump's first term, the ageless Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth-centric Nasdaq Composite (NASDAQINDEX: ^IXIC) soared by 57%, 70%, and 142%, respectively. But as of the closing bell on March 19, the Dow Jones, S&P 500, and Nasdaq Composite have fallen by 3.5%, 5.4%, and 9.6% since his return.
In fact, the S&P 500 and Nasdaq Composite have declined by more than 10% from their respective all-time highs, pushing both indexes into official correction territory.
