#Trump100Days
💥💥100 days: The US stock market's rollercoaster ride since Trump took office
President Donald Trump’s first 100 days have coincided with the stock market’s third-worst start to any presidency in US history, only behind Richard Nixon and Gerald Ford.
The US stock market soared after Trump’s reelection in November on hopes his administration would unleash a pro-business boom. The S&P 500 posted back-to-back gains of more than 20% the past two years, and many Wall Street analysts expected the business-friendly president would unlock the perfect environment to extend the historic bull run.
Yet 100 days into Trump’s presidency, Wall Street has been shaken by historic levels of uncertainty and volatility.
The S&P 500 slumped as Trump rolled out his plan for trade policy, hitting its lowest level of the year on April 8. While the market has regained some ground since, the S&P 500 is still below where it was before Trump unveiled his “reciprocal” tariffs.
Meanwhile, the US dollar index, which measures the dollar’s strength against six foreign currencies, has tumbled more than 8% this year.
Gold has soared more than 26% this year, smashing through record highs and briefly surpassing $3,500 a troy ounce. The yellow metal is considered a haven amid economic and geopolitical uncertainty.
