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 **S&P 500** closed slightly below its all-time high as **tech stocks slumped**, but the market still posted strong weekly gains. The **Nasdaq** and **Dow Jones Industrial Average** also rose significantly, fueled by optimism after **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 We Got Here** - **The Trump Effect (2017-2021):** During Trump’s first term, markets surged due to **tax cuts, deregulation, and pro-business policies**. However, his trade wars and unpredictable tweets also caused volatility. - **Biden’s Presidency (2021-2025):** Markets ...