‘Bloodbath’: US stock market sheds $1.75tn after Trump’s recession remarks
2 weeks, 2 days ago

‘Bloodbath’: US stock market sheds $1.75tn after Trump’s recession remarks

Al Jazeera  

The United States’ stock market has shed more than $1.7 trillion in value after US President Donald Trump declined to rule out the possibility the economy could enter a recession this year. ‘Indecisiveness, confusion and mixed messaging’ New York Stock Exchange trader Peter Tuchman described Monday’s trading session as a “bloodbath”. “We had a roller coaster last week, we had some up days, we had some down days – and all a function of what is coming out of the Oval Office, which is just complete indecisiveness, confusion and mixed messaging and the investing community losing confidence in the whole situation.” Democratic Senator Elizabeth Warren, who represents the state of Massachusetts, accused Trump of jeopardising the economy with his policies. “We’re in real economic trouble thanks to the President, and right now, the stock market is a flashing warning light,” Warren said on X.

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