Stock market lost all the growth gained under Trump

US, WASHINGTON (ORDO NEWS) — The US stock market index S&P 500 lost all the growth gained during the presidency in the United States of Donald Trump , dropping below the level of January 2017, when he was inaugurated, according to trading data.

As of 21.35 UTC, the S&P 500 wide market index is down 3.19% to 2226.12 points. This is below the minimum of January 2017 at the level of 2245.13 points.

On Wednesday, March 18, the Dow Jones Industrial Average dropped to a low since November 2016, when Trump won the presidential election.

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

The pressure on quotes continues to be exerted by the spread of coronavirus, which has already infected more than 330 thousand people. Measures to support the economy by the US Federal Reserve System (FRS) could not mitigate the drop in quotations.

Earlier on Monday, the regulator announced that it would repurchase securities in the amount necessary for the smooth functioning of the market. In addition, the regulator will continue to conduct an overnight repurchase and announced the launch of new lending programs for $ 300 billion.

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The article is written and prepared by our foreign editors from different countries around the world – material edited and published by Ordo News staff in our US newsroom press.

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