U.S. stock index fell on Monday, with Nasdaq’s Nasdaq falling nearly 4% after Donald Trump expressed concerns about the trade war that could trigger a recession.
At 11:05 a.m. ET, the Dow Jones Industrial Average fell 323.95 points, or 0.76%, to 42,477.77, the S&P 500 fell 114.16 points, or 1.99%, to 5,656.04, and the Nasdaq Comprehensive lost 665.79 points, or 3.665.79 points, or 3.66%, or 3.66%, or 3.66%, or 17,530.43.
At 9:50 a.m., the Dow Jones Industrial Average fell 307.75 points, or 0.72%, to 42,492.47, the S&P 500 lost 74.89 points, or 1.30%, to 5,695.31, and the Nasdaq Comprehensive lost 371.78 points, or 2.03%, or 2.03%, to 17,826.8266.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75.75
When asked over the weekend whether he was looking forward to the 2025 recession, Trump told Fox News: “I hate to predict something like this. There was a transition for a while because we were doing a lot. We brought wealth back to the United States. That was a big deal.”
“It takes a little time. It takes a little time,” he added.
Fed Chairman Jerome Powell said on Friday that the U.S. economy is in a strong position, but also stressed the prudent need to reduce borrowing costs.
In the bond market, the yield on the 10-year U.S. Treasury fell to 4.21% from 4.32% in the second half of Friday.
Profiters and losers
In Megacap stock, NVIDIA fell 2.2%, while Meta platform and Amazon.com fell more than 3%, respectively.
Elon Musk’s Tesla fell to its lowest level since November 5 after UBS cut its forecast for automakers’ first-quarter delivery and lowered its stock’s target target.
Among banks, shares of JPMorgan Chase and Goldman Sachs fell by more than 3%, respectively.
Cryptocurrencies lower tracking of Bitcoin prices. MicroStrategy glides 10%, Coinbase drops 9%, and RIOT drops 5.2%.
