UBS Managing Director and Senior Portfolio Manager Jason Katj discussed whether the US economy is on the verge of recession on ‘Veri & Co.’.
US stocks tumbled on Monday, with concerns about the effects President Donald Trump Tariffs on economic development uproot investors.
Dow Jones Industrial Average fell 890.01 points or 2.08%, while Nasdac Composite and S&P500 Slip 4% and 2.69% respectively. Dow and S&P 500 saw their worst day since 18 December; Since September 2022, Tech-Havi was the worst day of Nasdac.
Trump on Sunday year refused to rule a full-developed recession for the American economy this year, in which Maria Bartiromo was told in a “promise” special interview that the country would see the “duration of infection” as their policies are effective.
President Donald Trump speaks with media members in South Lawn before riding in Marine One at the White House in Washington, DC on 28 February. (Reuters / Nathan Howard / Reuters)
“I hate to predict such things,” that Said about a recession. “It is a period of transition because what we are doing is very big. We are bringing wealth back to America. It’s a big thing … it takes a little time, but I think it should be very good for us.”
Trump praised ‘Real Patriot’ Elon Musk for ‘a lot of eyes open’ with Dog
Dow jones industrial average
Financial markets have been unstable in recent weeks Trade tension And the signs of slowing down US economic growth weighed on consumer confidence and commercial activity. Investors are struggling with new Trump administration with a barrage of new policies, especially in business where tariff policy has increased uncertainty for businesses, consumers and investors.
Dan Kotsworth, an investment analyst at AJ Bell, said, “The US market cell-off is looking ugly.” “Many people are concerned about elevated evaluation between American equity for some time and are looking for a catalyst for a market reform. A business war, geo -political stress and an uncertain economic approach can be a combination of catalysts.”
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| Me: DJI | Dow jones average | 41423.55 | -9.93 |
-0.02% |
| SP500 | S&P 500 | 5612.29 | +40.22 |
+0.72% |
| I: Comp | Nasdac overall index | 17698.799866 | +262.70 |
+1.51% |
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Richly American technical stocks have recently taken up celloffs on Wall Street.
Art Hogan, the main market strategist of B Relay Wealth, said, “The story changes on a daily basis around the tariff – that’s why all this is uncertainty.” “Damage around the markets, which is everything with emotion, is more reflected in Nasdaq, as technology stocks are certainly more affected by risk emotion.”
Fox Business’ Taylor Penli and Reuters contributed to this report.
