The New York Stock Exchange has completed the first trading day of the week with harsh decline, when US President Donald Trump increased pressure on President Fed Jerome Powell.
At the end, the Dow Jones index depreciated more than 970 points and decreased by 2.48 % to 38,170.41 points. The S&P 500 index decreased to 5,158.20 points with a loss of 2.36 % and the NASDAQ index decreased to 15,870.90 points with 2.55 %. Trump once again targets President Fed Powell in sharing on his social media account. While the uncertainty caused by Trump's protective trade policy continues, a negative course has been observed in the joint stock market with concerns about Fed's independence. Saying that “preventive discount” is required by many people in interest rates, Trump claims that energy costs and food prices have decreased significantly and many other “things” almost no inflation. ” Europe (EU) is very likely to reach an agreement on tariffs, “We will eventually agree with everyone.” He said. The Beijing government reacted to the Washington government for allegations that the United States has put pressure on trade limits with China in exchange for tax exemptions in negotiations with countries that the United States has increased the customs tax. And the balance sheet of technology companies such as Tesla, IBM and Alphabet will be monitored this week.