What is going on with the markets? President Trump notes that the downfall is all self-inflicted.
President Trump and America know that the markets’ downturns are all self-inflicted and due to Biden’s failing economic policies. President Trump shared a Truth this morning.
On Friday the DOW was down more for this year than the worst year in history by points.
Unfortunately, things only look worse. The DOW futures were way down this Monday morning before the open bell.
U.S. stock futures looked set to break below the lows of May, as financial markets continue to reel from a surprise acceleration in inflation just days ahead of a Federal Reserve interest-rate decision.
- Futures on the Dow Jones Industrial Average fell 597 points, or 1.9%, to 30762.
- Futures on the S&P 500 dropped 92.75 points, or 2.4%, to 3808.
- Futures on the Nasdaq 100 decreased 350.5 points, or 3%, to 11517.
On Friday, the Dow Jones Industrial Average fell 880 points, or 2.73%, to 31393, the S&P 500 declined 117 points, or 2.91%, to 3901, and the Nasdaq Composite dropped 414 points, or 3.52%, to 11340.
What’s driving market
Friday’s news showing the consumer price index shooting to a fresh 40-year high of 8.6% year-over-year has caused investors to reassess how high the Fed will go in raising interest rates.
In addition to speculation that the Fed may lift interest rates as much as 75 basis points on Wednesday, the yield on the 2-year Treasury has climbed to 3.20% — up from 2.80% on Thursday.
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