The US stock market lost all the growth gained under Trump

The US stock index of the broad market S&P 500 lost all the growth gained during the US presidency of Donald Trump, falling below the level of January 2017, when he was inaugurated, according to trading data.

The broad-based S&P 500 index is down 3.19% at 2226,12 points. This is below the January 2017 low of 2245,13 points.

On Wednesday, March 18, the US industrial index Dow Jones fell to the lowest since November 2016, when Trump won the presidential election.

The S&P 500 is an American stock index that includes 500 large U.S. companies with a market capitalization of at least $ 8 billion. In particular, it includes major American banks, representatives of energy, technology and other sectors of the economy.

Pressure on quotes continues to be exerted by the spread of coronavirus, which has infected more than 330 thousand people. Measures to support the economy by the US Federal Reserve (FRS) failed to weaken the fall in quotations. Earlier on Monday, the regulator announced that it would buy back securities in the amount necessary for the smooth functioning of the market. In addition, the regulator will continue to conduct “overnight” REPO and announced the launch of new lending programs for $ 300 billion.

Author: Flyn Braun
Graduated from Cambridge University. Previously, he worked in various diferent news media. Currently, it is a columnist of the us news section in the Free News editors.
Function: Editor