[ad_1]
The S & P 500 index fell 2.7% and the Nasdaq composite index, by 2.2%. The worst stock index on Christmas Eve was in 1985, when both indexes had dropped by just over 0.6%.
The fall of this Monday marks the continuation of the worst week of transactions on Dow Jones since October 2008. Last week, the index lost 1,655 points, or 6.8%. Analysts attribute these problems to growing concerns over US tariffs and the ensuing trade war, as well as the third closing of the US federal government this year due to a dispute between Congress on the construction of a wall on the Mexican border. A partial shutdown began at midnight Friday and is expected to last until the New Year.
Earlier Monday, US President Donald Trump called the Federal Reserve (the US equivalent of the Central Bank) the "only problem" for the economy, after rising interest rates for the fourth time in 2018.
This decision has angered the president, which slows investments and promotes savings. Trump complained that the Federal Reserve has no sense of the market, does not understand the necessary trade wars, the strong dollar or even the blockade of Democrats to build the border wall. He even rejected the resignation of Federal Reserve Chairman Jerome Powell (later denied by Treasury Secretary Steven Mnuchin).
[ad_2]
Source link
