The US stock market has been on a rollercoaster during President Donald Trump’s second term. The S&P 500 posted its third worst 100-day start to a presidential term in US history, only behind Gerald Ford and Richard Nixon.

President Donald Trump said the faltering stock market "is Biden’s Stock Market, not Trump’s" and that a downturn wasn't due to tariffs. Our graphic shows how the markets responded after Trump made various tariff announcements.

President Donald Trump on Wednesday blamed his predecessor, former President Joe Biden, for the stock market’s weak performance, as the main U.S. indexes headed for losses after a report showed the economy has contracted.