Wall Street tumbled into the red on Thursday, experiencing its worst session since its dip of the month of march, in a market overtaken by the uncertainty on the economic front and health in the United States.
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the index feature, the Dow Jones Industrial Average, fell 6.90% to 25.128,17 points. The Nasdaq, in high coloring technology, has lost 5,27% to 9.492,43 points and the S&P 500 has dropped 5,89% to 3.002,10 points. “We had started the week with a market that is overvalued and a correction was in order,” said Karl Haeling, head of strategy markets for LBBW.
Since their dip in march, the major indices new york does not have in effect ceased to progress, the Nasdaq ended the same Wednesday, above the symbolic threshold of 10,000 points for the first time in its history. But the decision Wednesday from the federal Reserve (Fed) to maintain its rates unchanged between 0% and 0.25%, until 2022, with the anticipation of a slow economic recovery has provided a pretext for investors to a decline in the equity market.
The american president Donald Trump has renewed his criticism of the Fed, which plans a fall in gross domestic product u.s. from 6.5% in 2020, before a rebound to 5% next year. “The federal Reserve is wrong so often. (…) We will have a very good third quarter, a strong fourth quarter and one of our best years in 2021”, tweeted Thursday that the tenant of the White House.