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The Dow Jones Industrial Average Index fell 2.91% to 21,792 points, the S & P 500 from 2.71% to 2,351 points and the Nasdaq Composite from 2.21% to 6,192. points. See more quotes
The S & P 500 index ended the quarter down 19.8% from September 20 close, slightly above the 20% limit used traditionally to establish the downward trend.
There is a lot of nervousness in the market, but also in the White House after the criticism of Trump, who attributes the country's economic crisis to the chairman of the Federal Reserve, Jerome Powell.
The only problem of our economy is the Fed: it does not understand the market, it does not understand the necessary trade wars, nor powerful dollars, nor even democratic closures at the borders. The Fed is like a powerful golfer who can not score because he has no contact – he can not putter!
For the President, the Fed "has no contact with the market" and also does not understand the "trade wars" that would be necessary for the country continues to develop.
According to badysts, investors are very worried about the slowdown in the global economy. They are also worried about political instability, while the US government is currently experiencing its third day of partial unavailability.
/i.s3.glbimg.com/ /AUTH_59edd422c0c84a879bd37670ae4f538a/internal_photos/bs/2017/4/c/KRrF6PRFud1Up3SSlUvQ/trump-us-venezuela-fran-1-.jpg "Le secrétaire au Trésor, Steven Mnuchin, est dans l'image du dossier. - Photo: AP Photo / Susan Walsh")
Secretary of the Treasury, Steven Mnuchin, in the image of the file. / Susan Walsh
The situation is so out of control that US Secretary Steven Mnuchin has called the directors of the six largest US banks to try to calm the market.
Investors also mentioned a partial closure of the federal government and reports that Trump had privately discussed the possibility of firing the president of the Federal Reserve.
- The closure of the US government enters the second day and continues continue Christmas
"The headlines we see yesterday and over the weekend are not good," said Reuters Vinay Pande, strategist Chief Executive Officer at UBS Global Wealth Management.
"The market is worried about what's going on in Washington." In the face of a major market correction, it seems that there is a break and a lack of unity, and that the people do not speak with one voice, which, I think, discourages anyone in the market ".
Trump became a victim on Twitter, sending a series of messages this Christmas eve.
"I am alone in the White House, in the expectation of the return of the Democrats and the conclusion of a desperately needed agreement on the security of the border.If, at a given moment, the Democrats do not want an agreement, it will cost our country much more money than the wall at the border.What madness! ", wrote the president.
Quotes from this Monday
The bonds of the 30 companies listed on the Dow Jones were closed on Monday. The most significant losses are Nike (-5.90%), Microsoft (-4.17%), Johnson & Johnson (-4.10%), Procter & Gamble (-3.97%) and United Technologies. 3.88%).
Last week, the S & P 500 recorded its largest percentage decline since August 2011, while the Dow recorded the largest weekly decline since October 2008. The 11 sectors of the S & P index P 500 ends in negative territory Monday, which means that they are all in the red in the year accumulation.
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