Stocks’ sell-off worsens as Wall Street wonders how much pain Trump will accept for the economy
Stocks’ sell-off worsens as Wall Street wonders how much pain Trump will accept for the economy
The U.S. stock market’s sell-off accelerated as worries built about pain for the economy because of tariffs and other policies by President Donald Trump.
NEW YORK (AP) — The U.S. stock market’s sell-off cut deeper on Monday as Wall Street questioned how much pain President Donald Trump will let the economy endure through tariffs and other policies in order to get what he wants.
The S&P 500 dropped 2.7% to drag it close to 9% below its all-time high, which was set just last month. At one point, the S&P 500 was down 3.6% and on track for its worst day since 2022. That’s when the highest inflation in generations was shredding budgets and raising worries about a possible recession that ultimately never came.
The Dow Jones Industrial Average dropped 890 points, or 2.1%, after paring an earlier loss of more than 1,100, while the Nasdaq composite skidded by 4%.
Wall Street questioned how much pain President Donald Trump will let the economy endure through tariffs and other policies in order to get what he wants.
Trump wants to celebrate the 100th anniversary of the Great Depression with an even bigger one. It'll be the Greatest Depression. With bigly unemployment! More economic pain than you can imagine. And Canada will pay for it!
Wall Street wonders how much pain Trump will accept for the economy
He'll accept any amount of pain, unless he's the one feeling it.
My shitty portfolio is in this picture, and I do not like it.
401KKK
the art of the deal
From the makers of Home Alone: "Guy who went bankrupt a thousand times has amazing economic plan."