Markets witness highest decline under Trump's second term

President Donald Trump's second term marked the worst 100-day performance in US markets since the 1970s. According to MarketWatch, the S&P 500 has fallen 7.3 percent, the Dow 6.8 percent, and the Nasdaq 11 percent since his January 20 inauguration, Firstpost reported.

Trump's unpredictable economic policies, such as increased tariffs, massive public-sector layoffs, and federal program shutdowns, have rattled markets and heightened recession fears. JPMorgan expects a 60 percent chance of a recession, while Goldman Sachs predicts 45 percent.

Historically, markets have risen during a president's first 100 days. Since 1929, the S&P 500 has increased by an average of 3.8 percent. The only worse drop occurred in 1973, under Nixon. The dip also contrasts starkly with the 3.7 percent post-election rise, which was driven by the expectation of market-friendly policies, as stated by the Firstpost.