S&P 500 Plummets 10.8%, Nasdaq 100 Corrects 14.1% Since Trump's Inauguration: Here's How It Compares To Obama And Biden Eras

The S&P 500 and Nasdaq 100 indices fell sharply on Thursday after President Donald Trump announced sweeping tariffs on U.S. trading partners, following the market close on Wednesday. The indices have logged double-digit declines since Trump’s inauguration on Jan. 20, and technical charts indicate bearish momentum.

What Happened: The S&P 500 index slumped 4.84% to 5,396.52 points on Thursday, declining by 10.79% since Trump’s inauguration day, when the index jumped with joy as the Republican president began his term on Jan. 20.

Nasdaq 100, on the other hand, spiraled 5.41% to 18,521.48 points, down by 14.12% since Trump’s inauguration.

However, during former President Barack Obama‘s tenure, the S&P 500 rose 4.10% and the Nasdaq 100 gained 1.78% between his inauguration on Jan. 20, 2013, and April 3, 2013.

Similarly, the S&P 500 rose 5.87% and the Nasdaq 100 advanced 2.27% from Jan. 20, 2021, to April 3, 2021, during ex President Joe Biden‘s tenure.

Technical analysis of the exchange-traded funds tracking these ...

https://www.benzinga.com/general/market-summary/25/04/44642317/sp-500-plummets-108-nasdaq-100-corrects-141-since-trumps-inauguration-heres-how-it-compare