Despite a furor set off by President-elect Donald J. Trump's latest pronouncements about tariffs and immigration, the stock market resumed its upward surge in holiday-shortened trading on Friday, propelling the benchmark S&P 500 to its best monthly gain since November 2023.
The article from The New York Times, published on November 29, 2024, discusses the potential impact of Donald Trump's possible re-election on the stock market. It highlights the uncertainty and volatility that could ensue due to Trump's previous term's economic policies, which included significant tax cuts, deregulation, and trade wars, particularly with China. Investors are reportedly divided, with some anticipating a boost from pro-business policies, while others fear increased market instability due to unpredictable trade policies and potential tariff impositions. The article also notes that sectors like energy and finance might benefit from Trump's policies, whereas technology and multinational companies could face challenges due to potential trade restrictions. Overall, the market's reaction to Trump's policies would likely be mixed, with short-term gains possibly overshadowed by long-term economic uncertainties.
