allies - from the steel and aluminum tariffs. In May, Trump decided not to spare any country –including U.S. The stock market woes come despite signs that the general economy is still doing well. The Trump administration’s tariffs on imported aluminum, steel, and other goods have introduced a large amount of uncertainty into the global economy. Many of the same factors that affected the economy in 2018 are likely to continue into the new year. The federal government shutdown that began early Saturday has only added to the anxiety. President Donald Trump’s trade war with China, the slowdown in global economic growth and concern that the Federal Reserve was raising interest rates too quickly all contributed to a pessimistic reaction from the stock market. The stock market woes come despite signs that the general economy is still doing well - with record low unemployment, strong GDP growth and relatively low inflation.īut this year a number of other factors outweighed those positive economic indicators. The stock market is on pace for its worst December since 1931, but it also set record single-day gains Wednesday, when the Dow jumped by more than 1,000 points. The vast majority of losses have come since October, when the stock market, which was experiencing the longest bull run in history, took a turn for the worst. Since the beginning of the year, the Dow Jones Industrial Average has lost about 10 percent of its value, as did the S&P 500. 2018 was not a good year for the stock market.
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