Categories: Business

S&P 500 to open bear territory; Dow drops 1,100 points; Trump’s prices stimulate fears of the recession; Tesla, Nvidia, no more moving

US stock contracts dived early on Monday, the market assessed the risk of a possible global recession caused by the Price Plan of President Donald Trump.

Dow Jones Industrial Might Futures fell by 1,228 points, or 3.1%. The term contracts on S&P 500 fell by 3.4% and the Nasdaq 100 term contracts lost 3.8%. This left the S&P 500 to strike a lower market, defined as a 20% drop in its recent summit on February 19.

“While investors are not unrelated to the strong volatility of the disadvantages – 2020 and 2022 have both produced bears markets – the speed of decline since Thursday morning is unique and is particularly disturbing,” said Greg McBride, chief financial analyst of Bankrate.

Analysts of the tailor -made investment group have noted that since the shares began to negotiate itself over a five -day week in 1952, there were only three times when the S&P 500 was a decrease of two days of more than 10%: October 1987, November 2008 and March 2020.

China said on Friday that it would hit all American products with an additional 34%rate. This corresponded to Trump’s last announced levy from Chinese imports.

The concerns of the trade war means that traders quickly increase their expectations for the federal reserve to reduce interest rates in fears of a recession. The markets are now prices in the equivalent of four drops of prices of 25 points or more at the end of the year according to the CME Fedwatch tool, being only expected at the start of the year.

The yield on the Treasury note at 10 years of reference was 3.912%, down compared to the previous week.

remon Buul

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