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Story perspectives

S&P 500 Soars 18% Amid Trump Era Economic Changes

11/5/2025

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Story summary
  • One year after U.S. President Donald Trump's re-election, the S&P 500 has risen 18%.
  • The gain reflects expectations of an economic boom from tax cuts and regulatory changes.
  • Concerns persist about Trump trade policies that have weakened the dollar and challenged foreign creditors.
  • Industrial companies report their best revenue growth since early 2023.
  • UPS has cut 48,000 jobs, and tariffs' effects remain uncertain for US and European companies.