S&P 500 Sees Best Start for a President Since 1985

The world’s biggest stock market is heading for its best start for a new US president since Ronald Reagan was sworn in to power in 1985.

Equities hovered near all-time highs on Friday, with the S&P 500 climbing over 2% this week. That was after President Donald Trump talked up policies to boost economic growth and lower taxes, while appearing to soften his stance toward tariffs on China — even as he continues to threaten sweeping action. The dollar fell to a one-month low and was poised for its largest weekly slide since November 2023.

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“It is early days but nothing that President Donald Trump has said or done has caused a bad reaction in financial markets,” said Chris Iggo at AXA Investment Managers. “Quite the contrary. It is paying to stay invested.”

Wall Street also waded through a slew of economic data on Friday.