Stock Market on Jan. 24, 2025: S&P 500 ends below record high as tech slumps, but posts big weekly gain along with Nasdaq and Dow after Trump's return to White House - MarketWatch
Stock Market on Jan. 24, 2025: S&P 500 ends below record high as tech slumps, but posts big weekly gain along with Nasdaq and Dow after Trump's return to White House - MarketWatch # **Stock Market Update: Jan. 24, 2025 – S&P 500 Ends Below Record High as Tech Slumps, But Posts Big Weekly Gains** On January 24, 2025, the U.S. stock market had a mixed day. The **S&P 500** closed slightly below its all-time high due to a drop in tech stocks, but all three major indexes—**the S&P 500, Nasdaq, and Dow Jones**—posted strong weekly gains. This surge followed **Donald Trump’s return to the White House**, which sparked optimism among investors about potential pro-business policies. Let’s break down what happened, why it matters, and what people are saying. --- ## **1. Historical Background: How Did We Get Here?** - **The Trump Effect (2016-2020):** During Trump’s first term, markets rallied due to corporate tax cuts, deregulation, and strong economic growth. The S&P 500 ...