UBS -O’s director and senior portfolio manager Jason Katz considers whether the American economy is on the edge of the recession about ‘Varney & Co.’
US stocks crashed on Monday, concern about the effects President Donald Trump Tariffs to the economic growth of the spooky investors.
Industrial average Dow Jones dropped 890.01 points, or 2.08%, while Nasdaq Composite and S & P 500 It slid 4% and 2.69%. Dow and S&P 500 saw their worst day of December 18; Technologically difficult, Nasdaq had his worst day since September 2022.
On Sunday, Trump refused to express the full recession for the US economy this year, saying to Maria Bartiromo in the exclusive interview with “Sunday Morning Future” that the country would see the “transition period” while his policies enter into force.
President Donald Trump talks to media members on the southern lawn before boarding Marine One at the White House in Washington, DC 28. (Reuters / Nathan Howard / Reuters)
“I hate predicts such things,” said about the recession. “There is a transitional period because what we do is very big. We bring wealth to America. It’s a big deal … it takes a little time, but I think it should be great for us.”
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Dow Jones industrial average
Financial markets have been unstable in recent weeks as growth Trade tension And the signs of slowing American economic growth were striving to trust consumers and business activities. Investors face a series of new policies of the new Trump administration, especially in a trade in which movement and back on tariff policy increased the uncertainty of companies, consumers and investors.
“Sales in the US market starts looking ugly,” said Dan Coatsworth, an investment analyst in AJ Bell. “Many have been worried for some time because of elevated assessment among US capital and search for catalysts for market correction. The combination of concern about a trade war, geopolitical tensions and uncertain economic prospects could be that catalyst.”
| Dice | Security | Last | Change | Change % |
|---|---|---|---|---|
| I: Dji | Dow Jones average | 41911.71 | -890.01 |
-2.08% |
| SP500 | S & P 500 | 5613.56 | -155.64 |
-2.70% |
| I: Comp | Nasdaq the composite index | 17468.32141 | -727.90 |
-4.00% |
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The richly valued American technological shares carried a recent sale on Wall Street.
“The narrative changes around the tariff every day – this is what causes all this uncertainty,” said Art Hogan, a major market strategist at B Riley Wealth. “The damage to the market that has everything to do with feelings is more affected by Nasdaq, because technological shares are certainly more affected by the risk of risk.”
Fox Business’ Taylor Penley and Reuters contributed to this report.
