In his platform for reelection in 2024, President Donald Trump promised to “build the Greatest Economy in History.” But in his first 60 days as president, the stock markets have dropped like a rock: The S&P 500 is down 7%, the Dow Jones has dropped 6%, and the Nasdaq has plummeted 10%. It’s an about-face from Trump’s first term, when the major stock indices all jumped about 5% in the first two months.
And it’s worse than Biden’s first 60 days in 2021, when the Democratic president oversaw an almost 2% gain in the S&P 500.
