The elected President Donald Trump enters the New York Stock Exchange (NYSE) with his wife Melania, after being appointed “Person of the Year” for the second time on December 12, 2024 in New York.
Spencer Platt | Getty Images
AND S & P 500 He now lost all his post -election gains as president Donald Trump scared some investors who hoped he was just bluffing with tariff trade war.
The index fell to the lowest level of 5,732.59 on Tuesday Widespread market salesignificantly below 5.782.76.
The S&P 500 has now given up on all its profits.
Investors originally accepted Trump’s victory because the S&P 500 jumped 2.53% on November 6 to hope that the deregulation and tax reduction would surpass any tariff influence. At its peak, the S&P 500 closed to 6,144.15, February 19, which was achieved after the election at 6.25%. The profits began to be called “Trump’s bump” on Wall Street.
The S&P 500 is now reduced by 2% by 2025, and Nasdaq The composite index is located on the correction territory.
Some of the sectors for which many investors and strategists have expected benefits from Trump have also been reduced from the choice.
Small hats hit
AND SPDR Fund Industrial Sector (XLI) It fell more than 3% from the day of the election. AND SPDR fund to select energy (xle) has slid more than 4%. A small cap Russell 2000 – who jumped 5.84% on November 6th – reduced by about 9%.
One so -called “Trump’s shop“It’s still worse are banking shares, with SPDR Fund’s financial sector (XLF) still more than 6% from the day of the election. However, this sector fell more than 3%on Tuesday.
The fall comes because the tariff plans of Trump’s administration begin to take effect. While Trump raised Tariffs in his first stay at the White House and campaigns in 2024, and again he raised them, many strategists and investors at Wall Street were skeptical that the imposition would be fully implemented.
However, the tariffs on Mexico, Canada and China entered Tuesday. Canada and China have already announced retaliation, and Mexican President Claudia Sheinbaum said her country would do the same this weekend.
Said US Merchant Secretary Howard Lutnick “Box“On Tuesday that the current tariffs are related to the concern because of the fental who cross the border and that the US are still planning to announce wider measures in April. Canadian Prime Minister Justin Trudeau has retired against the justification of the fental, calling him” completely fake. “
