It's another wild journey on Wall Street, and on Monday, economists raise stocks The Ghost of the Recession in the United States President Trump threatens to escalate us Tariffs to China.
The leading index fell sharply in the morning, briefly bounced back a false report that President Trump was considering freezing 90-day tariffs for all countries except China, and then rode a roller coaster in the afternoon.
“Will the situation get worse? Sure,” said Nate Thooft, senior portfolio manager at Manulife Investment Management. “We didn’t call it all clear at all, but when you have this volatility in the market, you certainly go back and forth in the market.”
The S&P 500 index fell 12 points, or 0.2% at 5,062. The Dow Jones Industrial Average fell 349 points, or 0.9%, while Nasdaq Complex's earnings were small, up 15 points and closed 0.1%.
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“There is more noise today than today’s news, and investors should avoid trying to tie all the ticking knots [S&P 500] Importantly, important knowledge chief Adam Crisafulli said in a report: “In the near future, the recent downturn is unsustainable, which will make the stock vulnerable to sharp rebounds.” ”
Stocks shake in afternoon trading as Mr Trump's threat to China escalates 34% import fee About U.S. products.
“Any country that retaliates against additional tariffs other than the existing long-term tariff abuse in our country will immediately reach new and higher tariffs, exceeding the initially set tariffs,” Mr Trump said in his post.
The problem of recession
Investors have paid President Trump’s tariffs, saying they could hit U.S. economic growth and drive inflation higher. Goldman Sachs economists cited tax attacks on Monday, which added Recession to 45%.
“The combination of greater tariffs, greater policy uncertainty, a decline in business and consumer confidence and a government message suggests that the willingness to tolerate recent economic weaknesses in pursuing its policies increases downside risks,” Goldman Sachs analysts said in a note.
Mr. Trump announced a 10% global tariff on all imports and “countdown” tariffs on nearly 90 countries on April 2, with stocks plummeting last week. New trade measures send markets into a tailings, with the S&P 500 S&P and Nasdaq cases recording the biggest two-day decline since March 2020.
Overseas stock markets also suffered huge losses on Monday, and have been slipping since last week. Hong Sang-deng in Hong Kong fell 13.2%, the biggest drop since the Asian financial crisis in 1997, while Taiwan’s Taiext fell 9.7%, the heaviest loss on record. Tokyo's Nikkei 225 index fell 7.8%, Shanghai Composite Index sank 7.3%, South Korea's Kospi fell 5.6%, and Australia's S&P/ASX 200 fell 4.2%.
In Europe, Germany's DAX index fell 4.8%, Paris's CAC 40 fell 4.8%, while the UK's FTSE 100 lost 4.4%.
“The near future of stock prices depends largely on Donald Trump's whimsicality,” Thomas Mathews, head of Asia Pacific Markets at Capital Economics, told investors. “If he faces the market's actions and/or decides he gets enough concessions, he can raise some tariffs and sentiment may change soon.”
Contributed to this report.
