U.S. stock markets experienced a slight decline as the exuberance surrounding the “Trump trade” that had propelled Wall Street following Donald Trump’s election began to fade.

On Tuesday, the S&P 500 experienced a decrease of 0.3%, following its recent peak. The Dow Jones Industrial Average saw a more significant decline of 0.9%, while the Nasdaq composite fell by 0.1%. Concurrently, bond yields rose, adding further pressure onto the equity markets.

The reversal was particularly notable for smaller U.S. stocks, which had soared recently on heightened expectations for accelerated economic growth and rising inflation rates due to Trump’s policies. Tesla, led by Musk, an ally of Trump, witnessed its first drop since prior to Election Day.

On Tuesday’s closing:
– The S&P 500 decreased by 17.36 points, or 0.3%, ending at 5,983.99.
– The Dow Jones Industrial Average declined by 382.15 points, or 0.9%, finishing at 43,910.98.
– The Nasdaq composite dropped by 17.36 points, or 0.1%, closing at 19,281.40.
– The Russell 2000 index, which tracks smaller companies, fell by 43.13 points, or 1.8%, to reach 2,391.85.

Examining the weekly performance shows:
– The S&P 500 is down by 11.55 points, or 0.2%.
– The Dow has decreased by 78.01 points, also down 0.2%.
– The Nasdaq has declined by 5.38 points, which is less than 0.1%.
– The Russell 2000 is down 7.79 points, marking a 0.3% drop.

Considering the year-to-date performance:
– The S&P 500 has climbed 1,214.16 points, translating to an increase of 25.5%.
– The Dow has risen by 6,221.44 points, showing a 16.5% gain.
– The Nasdaq has surged by 4,270.05 points, which amounts to a 28.4% increase.
– The Russell 2000 has gained 364.77 points, corresponding to an 18% rise.