But perhaps nothing has been more influential for the stock market over the last three months than Donald Trump's election night victory. During Trump's first term in the White House, the Dow Jones, S&P 500, and Nasdaq Composite respectively rose by 57%, 70%, and 142%.

U.S. stocks are drifting Tuesday following President Donald Trump’s latest escalation against the United States’ trading partners with tariffs. The S&P 500 was virtually unchanged in the market’s first trading since Trump announced 25% tariffs on all foreign steel and aluminum coming into the country.

President Trump has announced that he would implement tariffs of 25 percent on all steel and aluminum imports to the U.S.