The night was bloody in the stock markets of the United States, which unanimously drop out. The tech sector is particularly affected. What is going on at Wall Street and will the fall last?
Wall Street in the red this morning
The American stock markets were not particularly at the party this weekend, but Their fall accelerated on Monday in the United States. The indices linked to the tech sector have plummeted, with a Nasdaq which plunged by 4 % in the space of a day, accelerating a trend present since the end of February:
The Nasdaq is clearly plumping this night, continuing its downward trend
For their part, Dow Jones and S&P 500 have also experienced net fallswith -2.08 % and -2.70 % respectively. The technological values were particularly affected by these liquidation waves.
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Tesla (TSLA) plummeted 15.43 % over the dayNVIDIA (NVDA) lost 5.07 % and alphabet (Goog) lost 4.41 %. Investors' distrust also affected the cryptocurrency markets, which also tumbled: Bitcoin (BTC) thus came to touch the $ 76,000, before going up.
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Fear of a “Trump recession”
Liquidations have apparently accelerated since an interview with Donald Trump this Sunday. The President of the United States refused to exclude a risk of recession for the United States at the Fox News microphone. Evasive, he mentioned a “transition period“, Explaining that bringing wealth to America going to take”a little time».
Donald Trump's voltages on customs duties, as well as his trade war against his historic partners (Canada, Mexico, Europe), plunge the world of finance into great uncertainty. Large banks now show reluctance: Goldman Sachs has thus strongly revised its growth forecasts for 2025, which increased from 2.4 % to 1.7 %.
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Moreover, Inflation remains strong in the United States, 2.5 % in January. Investors are therefore waiting for a sign of respite for Wednesday, where the February figures will be published. This will be the first figures for inflation under the new Trump era.
However, things remain vague: The American president swept the concerns of investors with a hand who wanted more clarity and method in its economic policy:
“”They always say that. “We want clarity.” They already have a lot of clarity.»»
As long as the American president continues to play with customs duties, blowing hot and cold on the war in Ukraine and interfering in the crisis in the Middle East with force and crash, It is likely that the markets continue to suffer from it. L'”Trump effectIt is therefore present, but perhaps not the one hoped for by Wall Street.
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Source: Bloomberg
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Journalist at Cryptoast since 2017, I have been passionate about the challenges of decentralization, privacy and regulation. I specialized in the economy and traditional finance by analyzing how the news in this sector influence that of cryptocurrencies, thus offering a unique and enlightened perspective to cryptoast readers.
Marine Debellor
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