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Trump's political decisions: Stock market in free fall!
On February 23, 2025, the US markets are showing negative trends after Trump's inauguration, while consumer confidence is falling.
Trump's political decisions: Stock market in free fall!
The US economy is showing alarming signs of stagnation, which is negatively impacting consumer confidence. As Donald Trump takes office on January 22, 2025, there are increasing concerns about his administration policies, including planned spending cuts and tariffs. These factors have contributed to the current market uncertainty, such as t-online.de reported.
Today Wall Street ends trading with significant losses. The Dow Jones index fell 1.7% to 43,428 points, after temporarily recording a loss of 800 points. The Nasdaq index also fell by 2.2% to 19,524 points. The S&P 500 lost 1.7% and reached its lowest level in two months at 6,013 points. These declines are reflected in a broad negative trend affecting most companies, particularly in the technology sector, where companies like Nvidia and United Airlines are losers. Loud n-tv.de The US stock markets continue to show negative tendencies even after setbacks.
Decline in consumer confidence
The purchasing managers' index for the services sector unfortunately fell to 50.4 points in February, after 52.7 points in January. This indicates a slowdown in economic activity. Concerns about the impact of U.S. government policies are widespread, and consumer confidence fell to 64.7 points in February from 71.1 points. In addition, the number of existing home sales fell unexpectedly, held back by high real estate prices and stable mortgage rates, which pose a challenge for both buyers and renters.
The US Federal Reserve has kept the key interest rate stable after cutting it dramatically last year. Fed Chair Adriana Kugler has announced that the key interest rate will likely be maintained for a period of time to control inflation. These economic conditions are forcing smaller US companies to deal more closely with the current difficulties. The Russell 2000 fell 2.9%, underscoring uncertainty about the economy.
The overarching picture of the US economy and the markets is currently characterized by major challenges. According to reports, 80% of stocks in the S&P 500 have declined, highlighting the volatility and uncertainty expected in the period ahead.