Wall Street’s sell-off is worsening Monday as worries about the economy and U.S. President Donald Trump’s tariffs send U.S. stocks further from their record set just last month.
A trader works on the floor of the New York Stock Exchange in New York, U.S., on Friday, June 14, 2019.
The economy has already given some signals of weakening, mostly through surveys showing increased pessimism. And a widely followed collection of real-time indicators compiled by the Federal Reserve Bank of Atlanta suggests the U.S. economy may already be shrinking.: “I hate to predict things like that. There is a period of transition because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing.” He then added, “It takes a little time. It takes a little time.
Nvidia fell another 2.6% Monday to bring its loss for the year so far to 18.3%. It’s a steep drop-off from its nearly 820% surge over 2023 and 2024.
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