The Dow Jones Industrial Average dropped 1,107 points, or 2.6% for its biggest decline of the year.
The S&P 500 shed 3.4%, falling to the lowest level since September.
The tech-heavy Nasdaq Composite saw the biggest selling of the major averages, falling 4.8% for its biggest decline since September 2022.
Trump ‘an agent of chaos and confusion,’ economists warn — but a U.S. recession isn’t in the cards yet
The S&P 500 shed 3.4%, falling to the lowest level since September.
The tech-heavy Nasdaq Composite saw the biggest selling of the major averages, falling 4.8% for its biggest decline since September 2022.
Trump ‘an agent of chaos and confusion,’ economists warn — but a U.S. recession isn’t in the cards yet
- Global market volatility and geopolitical turbulence in the wake of President Donald Trump’s return to the White House have led to warnings that the U.S. economy could be heading for a recession.
- Economists say Trump is proving to be an “agent of chaos” with his unpredictable trade tariff policies — but note that a downturn isn’t in the cards just yet.
If there is no recession coming we will see a +/- 40%<>50% recovery.
It's better to be out wishing to be in... than to be in wishing to be out!