Trump’s Second Term Brings Worst Stock Market Start Since 2001

The US stock market is down 10% since President Donald Trump’s inauguration, marking the worst 10-week start under a new president since George W. Bush in 2001 during the height of the dot-com selloff.

In other words, the S&P 500 Index is in a correction over the 52 trading sessions since Trump swore the oath of office Jan. 20. More than $3 trillion has been erased from the index’s value over that stretch. That’s worse than the start to the prior five administrations, only exceeded by the roughly 18% drop in Bush’s first term.