US President Donald Trump is displayed on the television screen when traders work on the floor of the New York Stock Exchange (NYSE) on April 7, 2025 in New York.
Spencer Platt Getty images
President Donald TrumpThe first 100 days of office is the worst for the stock exchange at the beginning of the President's four -year term since the 1970s.
According to CFRA Research CFRA Research, 7.9% S&P 500 by 7.9% since Trump was sworn in to office from January 20 to April 25, is the second worst first 100-day performance at the beginning of the second term of office of President Richard Nixon. Nixon recorded 9.9% S&P 500 in 1973, after a series of economic funds, which he undertook to combat inflation, led to recession in 1973–1975. Nixon will give up later in 1974 due to the Watergate scandal.
On average, S&P 500 increases by 2.1% in the first 100 days for each president, in data from years after the election from 1944 to 2020, CFRA showed.
Seriousness of wrestling to start the presidency of Trump means a clear contrast with the initial euphoria after his November election victory, when the S&P 500 increased to the ups of all time among trust that the former businessman brought a lot of hope for tax reductions and deregulation. From the day of elections to the day of the inauguration S&P 500 has advanced 3.7%, CFRA data.
The rally spread and then dived when Trump used his early days in office to make other campaign promises that investors treated less seriously, especially an aggressive approach to trade, that many worries would raise inflation and pushed the US to recession.
In April, S&P 500 took Nosedive, loss of 10% in just two days AND briefly entering the bear's territoryAfter Trump's “mutual” tariff announcement. Then Trump withdrew part of this announcement, giving the countries a 90-day break to renegotiate contracts that calmed the fears of some investors. A lot is worried that there is further disadvantages ahead of us.
“Everyone is looking for this DNA here,” said Jeffrey Hirsch, editor of Almanac Trader. “I still think it's a bear rally, something at this time.
S&P 500 from January 17
S&P 500, which reached the end of 6 144.15 February 19, ended on Friday at 5 525.21. From November, it erased all the benefits of choice.
Of course, Trump has two more commercial days to reduce losses. His first 100 days technically ends on Tuesday. If the S&P 500 rally this week could get closer to the third worst start – a decrease by 6.9% in the first 100 days of George W. Bush in 2001.