Fact Check: S&P 500 and Nasdaq turn negative after Trump's trade announcement.

Published June 27, 2025

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VERDICT

False

# Fact Check: "S&P 500 and Nasdaq turn negative after Trump's trade announcement." ## What We Know The claim that the S&P 500 and Nasdaq turned negat...

Fact Check: "S&P 500 and Nasdaq turn negative after Trump's trade announcement."

What We Know

The claim that the S&P 500 and Nasdaq turned negative following President Trump's trade announcement is inaccurate. In fact, after Trump announced that he was ending trade talks with Canada, both the S&P 500 and the Nasdaq reached record highs. Specifically, the S&P 500 index climbed 0.5% to a record high of 6,173.07, while the Nasdaq also increased by 0.5% to finish at 20,273.46 (Washington Post, New York Times). This surge occurred in the context of positive investor sentiment following a trade agreement between the U.S. and China, which had been announced shortly before Trump's comments (Washington Post).

Analysis

The assertion that the markets turned negative is contradicted by multiple reliable sources. The Washington Post and New York Times both reported that the S&P 500 and Nasdaq not only did not decline but actually achieved record highs on the day of Trump's announcement (Washington Post, New York Times).

While there were significant market reactions to Trump's trade policies earlier in the year, particularly following his announcement of tariffs on April 2, 2025, which led to a sharp decline in stock prices (Motley Fool, Finance Monthly), this context does not apply to the specific claim about the trade announcement regarding Canada.

The sources that detail the market's downturn due to Trump's tariffs focus on a different timeframe and set of circumstances. For instance, the Motley Fool noted a 19% decline in the S&P 500 following the April tariff announcement, but this is unrelated to the claim about the trade talks with Canada (Motley Fool).

Overall, the sources that support the claim of a negative market reaction do not align with the specific event in question and instead refer to earlier market volatility related to tariffs. Thus, the reliability of the claim is significantly undermined by the evidence presented.

Conclusion

Verdict: False. The claim that the S&P 500 and Nasdaq turned negative after Trump's trade announcement is incorrect. Both indices reached record highs following the announcement, contradicting the assertion of a market downturn.

Sources

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