SG Talk

NEW YORK (AP) — Wall Street weakened Monday as investors worldwide get more sceptical about U.S. investments because of President Donald Trump’s trade war and his criticism of the Federal Reserve, which are shaking the traditional order.

The S&P 500 sank 2.4% in another wipe-out. That yanked the index that’s at the centre of many 401(k) accounts 16% below its record set two months ago.

The Dow Jones Industrial Average dropped 971 points, or 2.5%, while losses for Tesla and Nvidia helped drag the Nasdaq composite down 2.6%.

https://www.thepost.co.nz/business/36066...ted-states

80% of sgtalk forumers die liao the USD still global reserve status lah... Don't bet on that. Since post COVID the entire world is in a hyperinflation and now likely in a stagflation moving forward. But the state deflating by China and now USA is easing the tension of a depression. Give it a bit more time for things to settle down and m&a to occur.