...and the economy historically does worse under GOP administrations.

Then people started looking seriously at what he said he would do and realized that he meant every nasty promise. His cabinet picks made it clear that he would put incompetent people in important roles that will speed up the destruction of the federal government. Investors started seeing the gravy train they envisioned with Trump ditching regulations and cutting taxed for big corporations being replaced with a failing economy with tariffs on every import and deported workers with no one to replace them driving food and other scarcity with much higher inflation.

That robber baron free market they all wanted looks a bit precarious now.

https://finance.yahoo.com/quote/%5EGSPC/
11/11 is the post 11/5 peak, so down 1.8% since then.
Update: 11/19 close: 5917, so down 1.4% since the peak.

I got this from the above link and clicking "1M" for one month, just above the graph, then one can hover one's mouse above various points on the graph and see the close, open, high, low, and volume for a particular day.

The S&P 500 is far more representative of the U.S. equity market than the Dow, but one can see the Dow at

https://finance.yahoo.com/quote/%5EDJI/
11/5: 42,222 11/11: 44,293, 11/18: 43,390 (down 2.0% from the 11/11 peak)

Yes I miss the daily report and quote too.

Only thing going up is AI and crypto.

PE's are high, stocks are overpriced.

Trump in office injects uncertainty into everything.

Bond market yields are going up, an indication of inflation fears under Trump, even as the Fed cut interest rates. Two very conflicting signals. Together they mean stagflation ahead.

Joe fed happiness, tweaked infrastructure and used an unstated industrial policy to tease max recovery from the pandemic with growth. Withdraw those stimuli and we're going to see contraction. Trump and his advisers absolutely don't understand this. Harris would have been blamed for this.