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But even the holiday season did not appease the concerns of the Investors, who are fleeing the stock market as it has long been invisible.It was the fourth consecutive session of sharp decline, after the S & P500 had completed its worst week since Friday.
At the meeting Today, the Dow Jones Industrial Average has fallen 2.91% to 21,792.20 points and the Nasdaq has fallen 2.21% to 6,192.92 points. 2.71% to 2.351.1 points.
The US indexes are trading at their lowest level in April 2017 and were set to experience the biggest monthly decline in December since The financial ise of 2008. It could be the strongest since the Great Depression of the 1930s Moreover, since 2015, Wall Street has not experienced a marked decline in its vigor.
The dollar index is down 0.5% and commodities are down. West Texas Intermediate in New York is down 3.4% to $ 44.05, a minimum of three years.
The fear of the criminalization of the stock markets persists in terms of global growth, combined with concerns about the closure of the US government, which could prolong the crisis.
But at the epicenter of the "mbadive sale" of today were the contradictory signs coming from Washington, while the lingering fears that Trump intended to return the President of the Fed and that the Treasury Secretary made an unusual communication about the financial health of banks at a time when it was not a concern. In an attempt to calm the markets, US Treasury Secretary Steve Mnuchin contacted CEOs of the six largest US banks to try to understand the impact of the recent sharp fall from Wall Street to Wall Street. . financial institutions, according to a tweet from the manager, released Sunday.
"The CEO confirmed that he had a lot of cash," according to the statement published jointly with the tweet of Mnuchin. The Treasury Secretary "also confirmed that there was no problem of margins and that the markets continued to function properly".
According to market sources heard by CNN, Mnuchin's tweet was unreasonable and only added to investors' nervousness. All major US banks have closed in today 's session on Wall Street.
"This is the kind of ad that raises the question of whether the Treasury sees problems escaping the rest of the market," said Jaret Seiberg, an badyst at Cowen & Co.
Today, I I have called individual calls with the CEOs of the six largest banks in the country. See the attached statement. Mnuchin also badured in a tweet that although the US president is "totally against" the Fed's monetary policy, Jerome Powell will not reject it.
"I have never suggested dismissing President Jay Powell, and I do not think I have the right," Trump said, according to the tweet of his secretary of state.
But this afternoon, the US president again turned to Twitter to criticize the Fed, which prompted investors to doubt Trump's intentions regarding the Fed leader.
"The only problem in our economy is Fed," wrote Trump. US indices accelerated losses after tweet.
The only problem of our economy is the Fed: they have no idea of the market, they do 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!
– Donald J. Trump (@realDonaldTrump) December 24, 2018
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