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** On January 24, 2025, the **S&P 500 closed slightly below its all-time high**, dragged down by a slump in tech stocks. However, the market still posted **strong weekly gains**, with the **Nasdaq and Dow Jones Industrial Average also rising** following former President Donald Trump’s return to the White House. Let’s break down what happened, why it matters, and what people are saying. --- ## **Historical Background: How Did We Get Here?** - **Post-Pandemic Recovery (2020-2024):** After the COVID-19 crash in 2020, markets rebounded sharply due to stimulus spending, low interest rates, and tech sector growth. - **Inflation & Rate Hikes (2022-2024):** The Federal Reserve raised interest rates to fight infla...