The Nasdaq Composite hit a new intraday record on September 22, while the Dow Jones Industrial Average declined by approximately 270 points amid a shift in investor focus toward tech and AI.
The S&P 500 index grew by 13% to 16% during the first year of Trump’s second term, marking the weakest opening performance for a presidential term since 2005.
Fundstrat’s Tom Lee identifies the recent market selloff as a buying opportunity following a 631-point drop in the Dow Jones.
The Dow Jones Industrial Average dropped 350 points as Brent crude prices surged past $100 per barrel amid rising U.S.-Iran tensions.
