Sale on Wall Street struck a new Thursday low following the expansion of the trade war pushed by the president Donald Trumpdragging it S&P 500 More than 10% below the record last month.
Such a decrease of 10% is called “correction” among professional investors, and the 1.4% crisis of the index on Thursday was the first correction of the index since 2023. The stock market losses followed Trump’s threat to impose massive prices on European alcoholic products. The decline continued despite good news for the American economy.
The NASDAQ composite fell by two%, while the industrial average of Dow Jones dropped by 1.3%. The swings took place from hour to hour, the DOW going between a small gain and a drop of 689 points during negotiations on Thursday.
Chaos comes following a lack of clarity concerning the discomfort of the president the intention of ensuring that the economy is fighting as it fights its trade war. Trump said he wanted manufacturing jobs to return to the United States as well as reduce government workforce and other significant changes.
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