S&P 500 Sees Best Start for a President Since 1985: Markets Wrap
- Trump talks up growth policies and softens tariff stance
- Stock rally takes a breather Friday amid rout in chipmakers
A relentless rally in stocks took a breather near all-time highs, but the market still notched its best start to a presidential term since Ronald Reagan was sworn in to power in 1985.
While a rout in chipmakers weighed on trading Friday, the S&P 500 still climbed 1.7% this week. That was after President Donald Trump talked up policies to boost the economy and lower taxes, while appearing to soften his stance toward tariffs on China — even as he continued to threaten sweeping action. The dollar saw its biggest weekly drop since November 2023. The MOVE Index of expected Treasury volatility hit the lowest since about mid-December.