America First? Not when it comes to stock markets worldwide this year
NEW YORK — When it comes to stock markets around the world, this year has clearly not been “America First.”The U.S. stock market has risen in 2025 and isn’t far from its recent all-time high. But it’s climbed less than stock indexes in Mexico City, Paris, and Hong Kong.The difference in performance has been so stark than an index of stocks from 22 of 23 developed economies around the world, excluding the United States, has trounced the S&P 500: a 7.5% rise through last Monday vs. 1.7% for Wall Street’s...