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Sputnik Brazil – The S & P 500 index decreased 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%.
Markets reacted to political turmoil in Washington, with badysts blaming stock market issues for rising concerns about US tariffs. as a result of a congressional dispute over the construction of a wall on the Mexican border. A partial closure began Friday at midnight and is expected to continue throughout the year.
Earlier Monday, US President Donald Trump accused the US Federal Reserve (the US equivalent of the Central Bank). "Only problem" for the economy, after raising interest rates for the fourth time in 2018.
This decision has angered the president, while the action 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).
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