Apr 13, 2017

Markets are starting to ignore Trump rhetoric

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S&P 500 doubled its average return under past presidents during Trump's first 3 years

Photo: Nicholas Kamm/AFP via Getty Images

The S&P 500 has had a return of over 50% during President Trump's first three years in office, more than doubling the average return of 23% at the same point in a presidential term since 1928, CNBC reports.

The big picture: The market, which hit record highs across the three major indices, got a sustained lift in 2019 after Federal Reserve Chair Jerome Powell lowered interest rates three times, the first such moves since the end of the financial crisis.

Go deeperArrowDec 26, 2019

Read: Trump 2016 campaign staffer files pregnancy discrimination suit

Then-Republican presidential candidate Donald Trump speaks at a rally in Rochester, New York, in April 2016. Photo: Brett Carlsen/Getty Images

A former Trump 2016 campaign staffer alleges in a sex-discrimination lawsuit that she was fired and prevented from a White House job opportunity after becoming pregnant following a relationship with a supervisor.

The allegations: Arlene "A.J." Delgado claims in the suit, filed in federal court in Manhattan, she found herself "excluded from participating in the communications work of the inauguration or in any capacity," after she announced in December 2016 she was pregnant and that the father was Jason Miller, a married senior communications strategist.

Go deeperArrowDec 25, 2019

Why China is no longer a currency manipulator

Data: Investing.com; Chart: Danielle Alberti/Axios

China will no longer be labeled a currency manipulator, the Treasury Department announced, just two days before President Trump and Vice Premier Liu He are set to sign "phase one" of a long-awaited trade deal.

What happened: China was added to the list just five months ago after its government allowed the yuan to slip below a 7-to-1 dollar ratio for the first time in more than a decade.

Go deeperArrowJan 14, 2020