According to PANews, the S&P 500 index has seen a significant decline in value, losing approximately $3.3 trillion since reaching a record closing high of 6,144.15 points on February 19. This drop has erased all gains made since the beginning of 2025, with the index falling around 2% since the start of the year. The Nasdaq Composite Index has also experienced a decline of over 5% during the same period.
Jonas Goltermann, Assistant Chief Market Economist at Capital Economics, noted in a report last week that many key financial market trends have either stalled or partially reversed since the U.S. presidential election in November last year and the subsequent inauguration of U.S. President Donald Trump. He stated that the 'Trump trade' narrative, which dominated many markets in the fourth quarter of last year, is failing.
In addition to the broader market downturn, some industries initially expected to perform well under the Trump administration have also lagged behind. Bitcoin, which was one of the biggest beneficiaries of the post-election rally, has lost significant momentum. After surpassing $100,000 per coin for the first time late last year, the largest cryptocurrency is currently trading at approximately $88,000, marking a decline of about 20% from its mid-January peak of just over $109,000.
