Trump says there was a stock market 'glitch' in December, but it will rise when trade deals fixed

President Donald Trump told reporters on Wednesday that there was a "glitch" in the stock market last month.

The S&P 500 dropped more than 9 percent last month to notch its worst worst December performance since 1931. Those losses also pushed the broad stock index to its worst annual performance since 2008 — when it plunged more than 38 percent. For 2018, the S&P 500 pulled back 6.2 percent.

Equities fell sharply in December as investors grappled with fear that the Federal Reserve might be making a monetary policy mistake, worries of a possible economic slowdown and ongoing trade negotiations between China and the United States.

This is a developing story. Check back for updates.

Let's block ads! (Why?)

from Top News & Analysis https://cnb.cx/2RnKukn
via IFTTT