The stock market is on pace for its worst first 100 days of any presidential term in more than 50 years
CNN
The US stock market is on track for its worst first 100 days of any presidential term since President Gerald Ford assumed office in 1974.
The US stock market is on track for its worst first 100 days of any presidential term since President Gerald Ford assumed office in 1974. The stock market initially surged higher after President Donald Trump’s reelection in November on expectations for a pro-business boom. Yet nearly 100 days into Trump’s second term, Wall Street has been shaken by historic levels of uncertainty and volatility because of tariffs. The S&P 500 is down more than 7.8% and has shed about $3.93 trillion in market value since Trump’s inauguration on January 20. The Dow on Tuesday morning was up 40 points, or 0.1%. The broader S&P 500 fell 0.3% and the tech-heavy Nasdaq Composite slid 0.4%. “Given the ongoing uncertainty around US trade policy and the economic outlook more broadly, we suspect the going will get tougher from here,” said Jonas Goltermann, deputy chief markets economist at Capital Economics, in a Monday note. As of Trump’s second term, the S&P 500 is set for the third-worst performance during the first 100 days of any presidential term in US history, following only President Richard Nixon and Ford.
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