22 hours ago

As Dow, S&P 500 Slip From Highs, an Appreciation of a Historic Rally

Sure, it may be a little disappointing that the S&P 500 and the Dow Jones Industrial Average look like they won’t finish out the week at record highs. But you know what hasn’t been disappointing? The stock market’s rally off its 2025 low.

That low came on April 8, as investors—including yours truly—bailed on the stock market following President Donald Trump’s tariff announcement. (That about-face ruined a perfectly good outlook, too.)

Trump’s immediate response of reducing the tariffs appeased the market—and then some. The Dow has risen an impressive 29% since then, the S&P 500 has gained a tremendous 39%, and the Nasdaq Composite has soared a spectacular 55%.