Trump Made 327 Stock Purchases Before 9.5% S&P 500 Rebound on Tariff Reversal
Updated
Updated · CNBC · Jul 2
Trump Made 327 Stock Purchases Before 9.5% S&P 500 Rebound on Tariff Reversal
3 articles · Updated · CNBC · Jul 2
Summary
CNBC’s review of Trump’s 2025 disclosure found he made 327 stock purchases on April 8, 2025—more than five times his daily average—during a tariff-driven market slide he had triggered days earlier.
Those buys targeted battered megacap tech names including Apple, Alphabet, Amazon, Microsoft and Nvidia, one day before Trump urged investors to buy and then rolled back some tariffs.
The S&P 500 had fallen more than 12% over four sessions and closed below 5,000 on April 8; it then jumped about 9.5% on April 9 and is up roughly 50% since.
Apple rose more than 15% and Nvidia nearly 19% after the policy reversal, sharpening scrutiny of a president whose disclosure also showed $2.24 billion in 2025 revenue and broad market-moving power.
The White House said Trump’s assets sit in fully discretionary accounts run by independent firms, while online critics and watchdogs cast the timing as a potential conflict of interest or market manipulation.
How did a president's trust time stock buys just before his own market-moving announcements?
When a president trades stocks, where is the line between savvy investing and abuse of power?
Delayed Disclosure of Trump’s $12.8 Million Stock Trades Before Market Surge Fuels Bipartisan Ethics Outcry
Overview
In April 2025, President Trump made 327 stock purchases totaling up to $12.8 million, just one day before announcing a tariff pause. This policy move triggered a historic 10% surge in the S&P 500, helping the market recover from earlier losses. However, the trades were not disclosed until July 2026, over a year later, sparking intense public and political backlash. The delayed revelation reignited concerns about the financial exposure of senior officials and raised serious questions about transparency, potential conflicts of interest, and the need for stronger safeguards against insider trading in government.