Stock Shot Back Flashcards
(8 cards)
1
Q
What kind of tariffs did Trump announce on March 1st 2018?
A
25% steel, 10% aluminum
2
Q
What was the S&P 500 level before Trump’s first tariffs?
A
2,740
3
Q
By what percent did they drop by April?
A
5%
4
Q
When did the stock market recover to 2,900 in Trump’s first term?
A
September, 2018
5
Q
What happened in February 19th, 2020?
A
S&P 500 hits 3,386, record high
6
Q
How much higher was the stock market in Feb. 2020 than when the tariffs were first announced?
A
44%
7
Q
What did critics predict the first time tariffs happened?
A
Tariffs would collapse
1. Investor confidence
2. Long-term market growth
8
Q
When did stock hit a record high in 2020, after all that tariffing?
A
February 19th, 2020
