Wall St ends sharply lower amid Trump's tirade against Fed's Powell
- The S&P 500 dropped 2.4 percent, while the Dow Jones and Nasdaq fell 2.5 and 2.6 percent, respectively, as reported by the AP.
- Investor confidence wavered due to President Donald Trump threatening to fire Jerome Powell if he does not lower interest rates, according to the AP.
- Concerns about Trump's mental fitness were voiced by columnists and observers, highlighting investor uncertainty and market volatility.
- Major U.S. Markets faced a 'sell everything' day with stocks, bonds, and currency losing value amid fears of a U.S. Economic downturn, according to Bloomberg's Michael Regan.
76 Articles
76 Articles
Wall Street seems to have decided that Trump is mentally unstable
I want to suggest today that what we are seeing on Wall Street and in markets around the world is the sudden realization that the president is mentally unstable – that he has dementia, probably – and as a result of that realization, investors no longer have any faith in Donald Trump. Yes, I know. The conventional explanation for why markets have been tanking is the realization that Trump really meant what he said on the campaign trail, and tha…
We’re suddenly talking about the Great Depression when discussing Trump’s stock market
Stocks are on the rebound Tuesday, bouncing back from another miserable day on Wall Street. But American financial markets are sounding all sorts of alarm bells that one day in the green can hardly overcome.
Wall Street shockwaves continue after Trump's latest attacks on Fed
The president of the United States once again targeted the Federal Reserve, the American central bank. The result was investor panic, causing a stock market drop, an interest rate hike and a dollar downturn.
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