Dow Jones has lost 2,000 points on Friday while the standard Bathroom continues following the Trump rates
The bloodbath loss of shares continued on Friday while the Dow Jones market lost 2,000 points in mid -afternoon while investors are frightened on the impact of Tariff plan of President Donald Trump.
If the trend continues, it will only be the fourth time in the story that the stock market has lost 2,000 points in a single day. The market is also on the right way to see its largest two -day loss in history as it approaches a total of $ 5 trillions of losses on Thursday and Friday.
On Friday he started badly for the Dow when he lost 1,000 points during the opening and continued from there. The Nasdaq was not going better, losing 865 points halfway through Friday. This happens after he lost 1,000 points Thursday during a historian bad day.
The dollar also fell abruptly on Thursday and is now close to its weakest level of the year.
Wall Street is reactively negative since the concerns about Trump rates continue to feed the fears of the recession. Last Wednesday, the president announced large rates on almost every nation of at least 10 percent. Trump said it is necessary, so there is equity for American producers. But the experts warned that the rates could arouse an economic recession.
Analysts say that the bull market – that occurs when prices are increasing and the optimism of investors is high – is now “dead”.
“The Tori Market died and was destroyed by ideologists and auti -inflicted wounds,” said Emily Bowersock Hill, CEO and partner founding Bowersock Capital Partners, CNBC. “While the market can be close to the short -term fund, we are worried about the impact of a global commercial war on long -term economic growth”.
The president of the Federal Reserve Jerome Powell said on Friday that Trump’s rates will probably increase inflation and slow down economic growth. Powell said he believed that the economy is currently “solid” but immerses himself with those who feel uncertain in the face of the recent brand falls.
“I realize that the uncertainty is high,” he said. “I understand the uncertainty that weighs people.”
Bruce Kasman, head of the economist of JpMorgan, said that the investment bank now sees a probability of 60 % of the global economy recession In 2025, compared to 40 percent.
When asked about how the rates are going in the decline of the market, Trump has laughed: “I think he is going very well. It was an operation. I like it when a patient is operated on and it is an important thing”.
In the same way, the secretary of state Marco Rubio defended the rates, claiming that on Friday it is confident that the markets bounce.
“Companies around the world, including in trade and global trade, only have to know what the rules are,” said Rubio from a NATO meeting in Brussels. “Once they know what the rules are, they will adapt to these rules.”
“I don’t think it’s right to say that economies are crashing,” he continued. “The markets are crashing because the markets are based on the stock value of companies that are now incorporated into production mode that hurt the United States.”
