Market Overview - The stock market is experiencing a downturn as investor confidence in President Trump's economic policies wanes, with Tesla leading the decline [1][5] - Major indexes showed a slight recovery on Friday morning, with the Dow Jones, S&P 500, and Nasdaq all rising approximately 0.6% after inflation data met forecasts [1] February Performance - February was a challenging month for U.S. equities, with the Dow down 2.3% (1,015 points), the S&P down 2.3%, and the Nasdaq down 4.8%, marking the worst month for the Dow and S&P since December and for the Nasdaq since September 2023 [2] - The S&P 500 has decreased by 1.6% since Trump's inauguration and 4% from its all-time high, although it remains up 2% since Election Day [3] Tesla's Decline - Tesla experienced a significant drop of 28% in February, resulting in a loss of approximately $360 billion in market capitalization, raising concerns about the impact of Elon Musk's political role on Tesla's sales [6] - Tesla's stock is currently trading about 40% below its all-time high from December, and it is on track for its second-worst month since going public in 2010 [6] Musk's Wealth - Elon Musk's net worth decreased from $422 billion to $358 billion in February, a decline of $64 billion, although he remains the richest person globally [7] Bitcoin's Performance - Bitcoin has also seen a decline, falling below $80,000 for the first time since November 10, down 25% from its all-time high set last month, although it recovered to around $84,000 by mid-morning [9]
Why The Stock Market Has Slumped In Trump's First Full Month—Even As Stocks Get Inflation Boost