Stock Market Signals Success of the Trump Tax Cuts

Beware, though, that elements of the tax cuts are now starting to expire, at least for business expensing and, in early 2025, for the individual tax cuts.

AP/Rebecca Blackwell
President Trump on October 11, 2023, at Palm Beach County Convention Center at West Palm Beach, Florida. AP/Rebecca Blackwell

So, the stock market staged an impressive rally today — up almost 400 points and a weekly gain. After plunging 20 percent at one point last year, the Dow has managed a 3.5 percent gain so far this year. 

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