US markets have eliminated all their post-election gains as stocks deepen their sell-off with fresh tariffs on Canada, Mexico, and China now officially in effect.
The S&P 500 (^GSPC) has erased about $3.3 trillion in market cap since its record closing high of 6,144.15 on Feb. 19. At that time, the benchmark index’s post-election gains had been hovering at just around 6%.
Since the start of 2025, the S&P 500 is down around 2% while the Nasdaq Composite (^IXIC) is off nearly 6% and is currently flirting with correction territory, on track to close 10% off its record high. The blue-chip Dow (^DJI) is trading just barely in the green for the year.
DJI – Free Realtime Quote • USD
As of 2:58:52 PM EST. Market Open.
^DJI ^GSPC ^IXIC
Only a few months ago, stocks traded at consistent records as Donald Trump’s presidential win fueled bullish Wall Street euphoria on hopes…
