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US stock market tanks as recession fears rise


Morphine Prince

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Morphine Prince

Major stock indexes tanked Monday, continuing a sell-off that gathered steam last week as rattled investors began zeroing in on the prospect of a significant falloff in U.S. growth amid persistent inflation and a wobbling job market.

The broad S&P 500 index closed down 2.7%. Not only has it now given up all of President Donald Trump's post-election gains, it fell to its lowest level since September and is essentially unchanged over the past seven months. It was the biggest one-day drop since December.

The tech-heavy Nasdaq fell 4% as it plunged deeper into "correction" territory, meaning it is off more than 10% from recent highs. It was its worst day since 2022.

The Dow Jones Industrial Average dropped nearly 900 points, or roughly 2.1%.

Recession fears were heightened this weekend after Trump declined to say that there wouldn’t be one. In an interview with Fox News that aired Sunday, Trump responded to a question about the possibility of a recession by saying the economy was going through “a period of transition.”

Read more: https://www.nbcnews.com/business/markets/stocks-tank-trump-declines-dismiss-recession-risk-rcna195653

 

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culturalbaptism

I'm so glad I'm not from the States. When Brazil put him-who-must-not-be-named, he sadly killed a lot of people, but he was too dumb to ruin Brazil's economy too much. It's coming back now with father Lula. Now you guys are ****ed. Donald is putting the US is a huge and maybe unescapable hole. China and India will thrive, BRICS will make new friends with the rest of America (continent) and Europe.

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Judas is coming, let the cultural baptism begin.
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lastpopicon

Well, Trump managed to bankrupt not 1 but 6 casinos :laughga: :air: :air: and his voters put him in charge of the biggest economy in the world, it defies all reason :laughga:

The melody that you choose can rescue you
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Bobina
9 minutes ago, Snorlax said:

America deserves for what they voted for 

I didn't vote for this 

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"634 blowjobs in 5 days. I'm really quite tired."
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cachapatratorian

Maybe Trump can ask the Argentine president for advice on the economy this time :oops:

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Ladle Ghoulash
13 minutes ago, Snorlax said:

America deserves for what they voted for 

So the entirety of the US deserves to suffer based on the decision of 32% of the electorate? :fail:

We have forgotten our public MANNERS
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lastpopicon
2 minutes ago, Bobina said:

I didn't vote for this 

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you and most Americans tbh when this starts affecting his base pockets maybe they'll realize the big mistake they've made. 

The melody that you choose can rescue you
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EART HL I NG

I need one of them timeline jumpers to teach me how to quantum leap or whatever the hell it’s called to get my ass tf outta here :madge:

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