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Dow sinks 650 points, S&P 500 wipes out post-election gains as Trump trade war intensifies

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,...
Stock Market

Dow, S&P 500, Nasdaq wipe out Trump-led gains as tariff sell-off continues

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 benchmark S&P 500 (^GSPC) index is now down 1% since Election Day. Notably, it has erased about $3.3 trillion in market cap since Feb. 19. The Nasdaq 100 (NQ=F) has fallen over 4% over that same time period, while the broader tech index (^IXIC) is down about 1.5%. The blue-chip Dow (^DJI) has dropped nearly 1% since Nov. 5. DJI - Free Realtime Quote...
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