lots Of Economic News Coming This Week, Markets On Edge.
Futures tied to the Dow Jones Industrial Average slipped 508 points, or 1.2%. S&P 500 futures fell 1.4%, while Nasdaq 100 futures dropped 1.7%.
Last week, the S&P 500 lost 3.1% for its worst weekly mark since September. The Dow fell 2.4%, while the Nasdaq Composite shed 3.5%.
The struggles came as the market was whipsawed by developments out of Washington, D.C., with negotiations on tariffs between the U.S., Mexico and Canada playing out throughout the week. In an interview that aired Sunday, President Donald Trump responded to a question on Fox News about the possibility of a recession by saying the economy was going through “a period of transition.”
Jesse Pound, ‘CNBC’
The American economy often is gauged by the stock market and its often bumpy ride of ups and downs. Everyone cheers for more ups but the inevitable down time is always right around the corner. The fear of a market crash has haunted America since the most famous crash of 1929 and will always be etched in the American psyche. This week may prove pivotal in the direction of the market under the new Administration.
