After the last GDP report that shows that GDP decreased 0.3% in the first quarter, President Donald Trump is trying to distance himself from the stock market, saying that it is “drum” and not theirs, and urging Americans to “be patients!”
“I did not take charge until January 20. Tariffs will soon begin to begin, and companies are beginning to move to the United States in record numbers,” Trump wrote as part of a publication about Truth Social.
President Donald Trump returns to the White House in Washington, on April 29, 2025 after a rally to mark his day 100 in office in Michigan.
Yuri Gripas / Pool / EPA-EFE / ShuttersTock
When President Joe Biden left office in January, the S& P 500 increased more than 55% since it assumed the position on January 20, 2021, in the middle of the Covid-19 pandemic.
Merchants work on the floor in the New York Stock Exchange in New York City, on April 30, 2025.
Brendan McDermid/Reuters
Sam St over [down] 7.9% from January 20 to April 25, marking the second performance from 1945 “.
-ABC News’ Michelle Stoddart, Justin Gómez and Molly Nagle
