Americans are growing unhappier with President Trump’s policies, which include global tariffs and strikes on Iran’s nuclear facilities over the weekend. That’s resulted in his approval rating falling to 41%, the lowest since he was sworn in as President in January, according to a poll conducted by Reuters and research firm Ipsos. Trump’s approval rating was 47% during that time.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
45% of surveyed participants were opposed to the recent Iran strikes while 36% voted in favor, with the remainder declining to answer or selecting “unsure.” Within surveyed Republicans, 69% supported the strikes while 17% were against them.
Americans Worried about Israel-Iran War while S&P 500 Trudges Higher
Furthermore, 79% of the survey respondents said they were worried that U.S. citizens would be targeted as a result of the Iran strikes while 84% expressed concern about the war.
The S&P 500 (SPX) has largely shrugged off the conflict and has posted a positive return since Israel first struck Iran on June 13. That signals that investors are betting that the war will either be short-lived or have a nonmaterial impact on U.S. stocks. The market may provide a better signal than the poll because investors are putting their hard-earned capital on the line.
The S&P 500 is up by 1.47% year-to-date.
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue