The stock market is expected to open again today, with the Dow Jones Industrial Average hitting an all-time high for the first time since April 2018.
But the stock market could not hold on forever.
On Thursday, the S&P 500 index plunged more than 5% for the second day in a row.
The Dow fell more than 11% in the first two days of trading.
The Nasdaq fell nearly 6%.
The S&P 500 also closed down more than 4%.
It’s the worst opening day in nearly two decades for the S & P 500, which had closed at an all time high of 5,844 on January 15, 1987.
The Dow has fallen 5% this year alone.
On Wednesday, the index lost more than a third of its value since it closed in December 2016.
Even though the markets reopened Wednesday, many analysts were worried about the impact on the economy.
A number of factors have been blamed for the sharp drop in the S/P 500, including the economic downturn, which has seen stocks decline more than 60% since the year 2000, and the financial crisis.
Trump has said he will impose a 10% tax on companies that repatriate profits from overseas, which could make it harder for many companies to pay back investors.
Trump also wants to renegotiate trade deals and have the U.S. eliminate the country’s $350 billion in foreign aid.
It remains to be seen whether Trump will try to increase the tax, but the U/A/S survey of business leaders found that there was little appetite for a tax increase.
In a sign of investor sentiment, the Dow has climbed 7.3% this week, compared with its last 10-day average of 2.9%.
The Dow Jones industrial average is a reference to the Dow and is calculated by dividing the number of shares in an exchange traded fund (ETF) by the market capitalization of the company.
The S/PDX is a more commonly used gauge of corporate performance.