Stocks fall on trade uncertainty, Federal Reserve concerns
UBS Global Wealth Management Management Portfolio Manager Angie Newman discusses the market response to trade tension and gives advice to customers and investors.
The shares fell on Monday because investors watched the signs of progress and president in trade negotiations Donald Trump He continued to criticize the Federal Reserve Jerome Powell.
Dow Jones Industrial amerijes have fallen more than 1,000 points or 2.8%, and the S & P 500 and NASDAQ composite decreased by 2.9% and 3.2% accordingly.
Trump: a Place the social, Powell was attacked and demanded energy costs and food prices are “significantly lower” and that “there is any inflation in practice.”
“So good with these expenses, just what I predicted that they could go, inflation could be until gentlemen owed too late,” said the Great Loser.
President’s comments come after he said that in reality the social record said that Powell was “always late and wrong” and that “Powell’s termination cannot come quickly enough. “
President Donald Trump (L) attacked the Federal Reserve President Jerome Powell in the truth. (Saul LOEB / AFP VIA GETTY Images / Getty Images)
Energy stocks were the worst blow on Monday, falling by 2.3%, and decreased in Megacap and growth shares on information technology and consumer conservative areas.
Shares of “Great Seven” are also selling lower Tesla falls 7% and NVIDIA are more than 5% down in the afternoon trade.
The ongoing attacks on Powell have increased the independence of FEED when setting a monetary policy in the world’s largest economy, providing confidence in US assets.
| Grieving | Safety | Last | Change | Change% |
|---|---|---|---|---|
| I: Dji | Dow Jones Average Indicators: | 38072.21 | -1,070.02 |
-2.73% |
| SP500 | S & P 500 | 5132.67 | -150.03 |
-2.84% |
| I: Comp | NASDAQ Composite Index: | 15783.10344 | -503.34 |
-3.09% |
| Stake | Tesla Inc. | 241.37 | -0.18 |
-0.07% |
| Nvda | NVIDIA CORP. | 101.49 | -3.00 |
-2.87% |
These are US industries that can be dawn with China tariffs
Chicago’s Federal Reserve Chairman Auusta Steam Sayed to the Central BankAgainst the nation with Margaret Brenna“The fact that the independence of central banks and monetary policy is of great importance.
“There is actual modesty among economists that monetary independence from political intervention that Fed or any central bank can do the job,” Golsbi said.
“I strongly hope that we do not move ourselves to an environment where monetary independence is questioned, as it will disrupt the reliability of feeding,” he added.
Tariffs have continued to pursue investors after the US strikes after China’s warning at Beijing. Fed Policemakers also flags the prospect of the cloudy interest rate due to the uncertainty of the tariff.
President Donald Trump left and left China Xi Jinping. (Getty Images / Getty Images)
The traders have now gone at 90 main points of relief from Fed this year, according to LSEG data.
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Uncertainty to trade and monetary policy has Hit shares hard this year, With more than 15% with S & P 500 on its February record.
Fox Business’ Eric Revell and Reuters contributed to this report
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