Economy

progree

(11,805 posts)

1. Update: S&P 500 closed Thursday at 5739, down from the election day close of 5783, so the "Trump Trade" is underwater

Reply to mahatmakanejeeves (Original post)

Wed Mar 5, 2025, 12:37 PM

Mar 5

Last edited Fri Mar 7, 2025, 07:47 AM - Edit history (3)

it closed Thursday March 6 at 5739, down 1.8% for the day,

and down 0.8% from the 5783 election day level,

and down 4.3% from the inauguration-eve level,

and down 2.4% year-to-date,

and down 6.6% from its all-time closing high of 6144 on Feb 19.

The usual pattern -- threaten tariffs and the markets dive, followed by news of delaying or moderating some tariffs and the markets climb. Well it's back down again despite some moderation on tariffs "signalling".

S&P 500
# Election day close (11/5/24) 5783
# Last close before inauguration day: (1/17/25): 5997
# 2024 year-end close (12/31/24): 5882

# Several market indexes: https://finance.yahoo.com/
# S&P 500: https://finance.yahoo.com/quote/%5EGSPC/
https://finance.yahoo.com/quote/%5EGSPC/history/

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Highlight:

The Trump Election Bump Is Over. Tariffs Were the Fatal Blow [View all] mahatmakanejeeves Mar 5 OP

Update: S&P 500 closed Thursday at 5739, down from the election day close of 5783, so the "Trump Trade" is underwater progree Mar 5 #1

So does this "fatal blow" PoindexterOglethorpe Mar 5 #2

Republicans have never been good for the stock market. louis-t Mar 5 #3

Now these idiots are worried? mwmisses4289 Mar 5 #4

Tariffs are a form of regulation to suit Trump, just like everything else. bucolic_frolic Mar 5 #5