US equity markets were under tremendous pressure on Monday after President Donald Trump threatened new tariffs on Chinese goods.
were under tremendous pressure early Monday after President Donald Trump threatened new tariffs on Chinese goods.
The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all fell by nearly 2% in early trading, throwing a wrench in what's been an impressive US stock-market recovery so far this year.President Donald Trump's weekend tweets threatening new tariffs on Chinese goods sent global markets into what one firm called a"The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all fell between 1.
UBS economists said Trump's tweets were exactly the opposite of his statements just last Friday, when he said talks between Washington and Beijing to end the trade war were going 'very well.'" The violent reaction in US equity markets has interrupted their impressive comeback from the historic sell-off that took place during the fourth quarter.
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