Wall Street Suffers Worst Christmas Eve Trading Day on Record
- Wall Street Suffers Worst Christmas Eve Trading Day on Record
by https://www.rt.com/
The Dow Jones Industrial Average plunged more than 650 points on Monday after Donald Trump renewed his attack on the Federal Reserve on Twitter. Meanwhile, the S&P 500 has suffered its worst December on record. The losses add to last week’s low performance, in what seems like the index’s worst week since the 2008 financial crisis.
…
The Dow Jones lost 2.9 percent and the benchmark S&P500 lost 2.7 percent after the president’s tweet expressing frustration over the Fed’s decision to raise its key short-term rate. The tech-heavy NASDAQ was also down, trading 3.8 percent lower.
…
Earlier on Monday Trump continued his regular attacks on the Federal Reserve. “The only problem our economy has is the Fed. They don’t have a feel for the Market,” Trump tweeted. “The Fed is like a powerful golfer who can’t score because he has no touch – he can’t putt!”
end