US EditionS&P 500, Nasdaq at over six-month lows as tariffs spark recession fears
- On Monday, stock markets fell worldwide, from Wall Street to Wellington, New Zealand, with the S&P 500 in New York down 0.8% as of 10:10 a.m. Eastern time.
- The market decline occurred ahead of President Donald Trump's expected implementation of tariffs on Wednesday, a policy he calls 'Liberation Day,' raising worries about worsening inflation.
- The Dow Jones Industrial Average was down 0.3% or 111 points, and the Nasdaq composite was 1.7% lower, while specific companies like Tesla and United Airlines saw significant drops of 5.2% and 6.5% respectively.
- Trump stated he is moving forward with tariffs to bring more manufacturing jobs back to the U.S., while Goldman Sachs economists anticipate an average 15% reciprocal tariff.
- Goldman Sachs now estimates a 35% chance of recession in the next year, up from 20% previously, reflecting concerns about lower growth, falling confidence, and White House officials' willingness to tolerate economic pain, potentially leading U.S. Households and businesses to freeze spending.
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200 Articles
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U.S. Stocks See Worst Quarter Since 2022 Amid Tariff Worries, Recession Fears
U.S. stocks posted their worst quarterly performance since mid-2022, with recession concerns and tariff uncertainty... The post U.S. Stocks See Worst Quarter Since 2022 Amid Tariff Worries, Recession Fears appeared first on News Facts Network.
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