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The Independent: Trump's stock market in his first 100 days wasn't just among the worst ever...
The Independent - Trump’s stock market in his first 100 days wasn’t just among the worst ever - it might have cost you thousands
‘This is Biden’s Stock Market, not Trump’s,’ the president wrote on Wednesday morning
Kelly Rissman
Wednesday 30 April 2025 21:36 BST
The stock market during President Donald Trump’s first 100 days back in office marked the second-largest decline in the last 80 years — and it may have cost average Americans thousands.
From Trump’s inauguration on January 20 through April 25, the S&P declined by 7.9 percent, data from CFRA Research, obtained by CNBC, shows. That slide has only been topped in recent history by Richard Nixon’s second term in 1973, when the S&P dropped 9.9 percent in the same period.
The stock market’s fluctuations could have already had a substantial impact on Americans’ wallets.
If someone had invested $100,000 in the S&P in January, hypothetically, by the end of April, they would only have $92,000. Of course, many people have a wide portfolio of investments.
A Washington Post columnist dared to check her 401k on Wednesday, only to discover that it was in “negative territory.” Her retirement portfolio had been up 3 percent in January before Trump took office, she wrote.
/snip
‘This is Biden’s Stock Market, not Trump’s,’ the president wrote on Wednesday morning
Kelly Rissman
Wednesday 30 April 2025 21:36 BST
The stock market during President Donald Trump’s first 100 days back in office marked the second-largest decline in the last 80 years — and it may have cost average Americans thousands.
From Trump’s inauguration on January 20 through April 25, the S&P declined by 7.9 percent, data from CFRA Research, obtained by CNBC, shows. That slide has only been topped in recent history by Richard Nixon’s second term in 1973, when the S&P dropped 9.9 percent in the same period.
The stock market’s fluctuations could have already had a substantial impact on Americans’ wallets.
If someone had invested $100,000 in the S&P in January, hypothetically, by the end of April, they would only have $92,000. Of course, many people have a wide portfolio of investments.
A Washington Post columnist dared to check her 401k on Wednesday, only to discover that it was in “negative territory.” Her retirement portfolio had been up 3 percent in January before Trump took office, she wrote.
/snip