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At the close of trading, the Dow Jones Index was set at 2,5502.32 points. The S & P 500 Index, which includes the 500 largest companies in the US market, lost 54.17 points (1.90%) and was about 2,800.71 points. The NASDAQ electronic trading index fell 196.29 points (2.50%), reaching a point at 7642.67 points.
According to Peter Kenny, the founder of Kenny's Commentary, the new statistics are raising investors' concern about the slowdown in the global economy. "In the meantime, the fact that we were witnessing a recession in 2019 is not a definitive conclusion," Reuters said.
"There are a number of worrying and more numerous factors. The fear of the recession is increasing, "said Peter Cardillo, chief economist at Spartan Market Securities. In his opinion, the market is revising the previously optimistic forecasts.
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