The record indicators in the United States continued to decline on Friday, with the level of fear of Wall Street at the highest level in five years amid Donald Trump’s announcement of a new tariff earlier this week, and revenge on China by 34 percent of American imports.
Senerats of stock market values were eliminated as investors and economists said they were afraid of the threat of recession in the future. The stock markets in the United States fell by more than 10 percent in two days until Friday, erasing more than $ 5 trillion of investor wealth after Trump launched his introductory war.
The first Wall Street Journal page on Saturday/Sunday seized Trump, heading towards the golf course with market marriage.
This decrease was the worst week of Lol Street since March 2020 for the S&P 500, when the world was hit unexpectedly with the Covid-19s. The main index lost 6 percent after China moved, despite the best report expected on the US labor market.
The 6 % decrease in the S& P 500 index brought the index near the lower circuit threshold of 7 percent that would lead to a 15 -minute trading stopping that would stop selling panic to avoid the spiral of the worst stock market.
Dow Jones Industrial Average decreased 2,231 points, 5.5 percent, and Nasdak compound decreased 5.8 percent.
Nasdaq is now in the bear market, as China imposed a new tariff on all American goods, which raised fears of an extended global trade war.
“At the present time, the extent of the matter is dependent on the extent to which the administration’s commitment to this group of policies, which is clear that the market votes against it,” and Reuters quoted Steve Sousnik, saying by Reuters.
Reuters quoted the tariffs that prompted “Shalshok” between business leaders who are wearing possible economic damage.
Trump still descends the definitions
In a post on the social truth, Donald Trump praised on Saturday the definitions imposed on him, on Saturday, on the pretext that China was affected by the United States.
“China has dealt with much more difficult than the United States of America, not even close. They, and many other countries, have dealt with us badly with us unnecessarily. We have been a stupid and unable to“ stupid and helpless, but there is no longer after. Make America great again.
The US president earlier described the collapse of the market as an amendment that would prove to be useful in the long run.
Investors lose 5 trillion dollars, Donald Trump goes golf
Although the markets explode, US President Donald Trump went to play the golf in Mar Lago, and his club in Palm Beach, Florida.
Before getting out of the golf, Trump wrote in a post, “This is a great time to get rich.”
Trump was communicating with the hat “Make America a Great again” and the white polo shirt, and he was waving in his supporters who were waiting for him on a street lined with palm trees.
The Republican leader was scheduled to attend Maga Inc. dinner. Friday.
On Thursday, he spent in Miami in one of his golf courses, where he attended a Saudi championship. He landed in one Marin and was captured in a golf vehicle driven by his son Eric.
(With inputs of agencies)