Markets deliver historic Christmas Eve drop as Trump feuds with Fed
Monday, December 24, 2018 | Tag Cloud Tags: Economy, EU, Federal Reserve, News, Trump, Washington, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – U.S. stocks fell sharply Monday, making it the worst Christmas Eve trading day ever.
Stocks extended a run of recent losses in response to turbulence in Washington, D.C., including President Trump’s early morning attack on the Federal Reserve as “the only problem” with the U.S. economy and an unexpected call by Treasury Secretary Steven Mnuchin to the six largest U.S banks on Sunday.
When the New York Stock Exchange finally closed Monday at 1 p.m. Eastern, the Dow Jones Industrial Average had dipped roughly 650 points, or nearly 3 percent. Closing below 22,000 made Monday the worst Christmas Eve trading day ever for the Dow. [ Source: Washington Examiner (Read More…) ]
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