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Actions on stock contracts fell on Monday while Wall Street fears linked President Donald Trump’s prices Continue to put pressure on the market and investors expect new economic data.
The term contracts linked to the industrial average of Dow Jones have dropped by 391 points, or 0.9%, while the contracts in the long term on S&P 500 fell by 57 points, 1%and the term contracts on Nasdaq 100 fell by 230 points, just more than 1%. Last week was the stock market Worse in two years.
The president Balayage rates on Canada, Mexico and China Last week – with the promise of additional tasks in the near future – shook the stock markets and led declines of business groups. Although some exemptions and delays have been announcement Later in the week, the worries of Wall Street were not supposed.
Goldman Sachs (GS-1.59%)) said Friday that the probability of a recession in the next 12 months increased from 15% to 20%. If the White House continues with additional prices, the bank said that the risk of recession would increase.
Trump was questioned by Fox News on Sunday (Foxa+ 0.23%)) Host Maria Bartiromo if he expected a recession this year. The president has not excluded it as a potential result.
“I hate to predict things like that,” said Trump. “There is a transition period, because what we do is very large. We bring the wealth in America. It’s a great thing, and there are always periods of, it takes a little time. It takes a little time, but I think it should be great for us. »»
Officials of the cabinet have largely rejected the decline in the market, even if they recognize certain signs of weakness in the economy.
Treasury secretary Scott Bessent said to CNBC That the market has “become simply hung” to public spending and that there will be a period of detoxification. “Commerce secretary Howard Lunick said the United States would stick to its future pricing plans, said it would not bet on a recessionAnd said the stock market does not affect federal policy.
Major actions fell in pre-commercial exchanges on Monday, including Tesla (Tsla-1.77%)) and nvidia (Nvda+ 0.84%))which dropped by more than 3% and 2%, respectively, after weeks of decline. The Tesla action has dropped by more than 30% of years to date on Friday, largely thanks to the decline linked to the political influence of the CEO Elon Musk, while the loss of almost 19% of Nvidia intervenes in response to tariff fears and the recession.