Trump changes his tone on stocks as the market dips

Yesterday, the S&P 500 had its worst day since September, wiping out all of President Donald Trump’s post-election gains. Meanwhile, the Nasdaq had its biggest one-day drop since 2022, plunging deeper into “correction” territory, and the Dow Jones Industrial Average dropped roughly 2.1%. As Trump’s policies have begun to take shape in his first 50 days in office, some of the optimism from investors has reversed course, especially after Trump followed through on threats to impose tariffs on Canada and Mexico, and place additional tariffs on China. The stock market’s downward spiral is heightening fears that the U.S. will enter a recession.