Wall Street is increasingly rejecting President Donald Trump’s economic agenda, with stocks plummeting 10% from their all-time high just three weeks ago. The S&P 500, Dow, and Nasdaq are all in correction territory, with the Russell 2000 falling a staggering 18.4% from its recent peak.
Investors have turned to traditional safe havens like government bonds and gold, as Treasury yields have tumbled over the past month. Spot gold prices hit $3,000 a troy ounce for the first time in history, indicating growing concerns about America’s economic outlook.
Economists believe Trump’s policies could inflict serious damage on the economy, with mass layoffs of federal workers and immigration crackdowns potentially harming local economies. JPMorgan economists have warned that the US economy now has a 40% chance of falling into a recession this year.
Trump’s silence on stocks is also contributing to the market’s woes, as investors feel ignored by the president. The Dow Jones, which many Americans incorrectly believe serves as a barometer for the health of the US economy, can sap consumer confidence when it falls sharply.
With stocks poised for losses this week, Wall Street is sending Trump a clear message: his economic agenda is no longer welcome. Investors are turning their back on him, and it’s unclear how long this trend will continue.
Source: https://edition.cnn.com/2025/03/14/investing/stocks-trump-wall-street-tariffs/index.html