The S&P 500 closed lower in Tuesday’s market sell-off, wiping out all gains since the election. Investors initially embraced Trump’s victory, with the index jumping over 2% the day after the election, reaching a peak on February 19th. Concerns over Trump's tariffs have reversed those gains, leaving the S&P 500 down over 1% year. Industrial, energy, and small-cap stocks have declined since Election Day after initial gains. Bank stocks remain up over 6% since Election Day but fell over 3% Tuesday.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02The S&P 500 closed lower in Tuesday's market sell-off,
00:05wiping out all gains made since the election.
00:08Investors initially embraced Trump's victory,
00:10with the index jumping over 2% the day after the election,
00:13reaching a peak on February 19th.
00:16Concerns over Trump's tariffs have reversed those gains,
00:18leaving the S&P 500 down over 1% year-to-date.
00:22Industrial energy and small-cap stocks
00:24have declined since Election Day after initial gains.
00:27Bank stocks remained up over 6% since Election Day,
00:30but fell over 3% on Tuesday.
00:31For all things money, visit Benzinga.com.