A three-week-long selloff worsened Monday as the S&P 500 slid 2.5 per cent, the Nasdaq fell 3.7 per cent and the Dow Jones Industrial Average dropped 1.9 per cent as of 3:30 p.m. EST. (The Logic)
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A three-week-long selloff worsened Monday as the S&P 500 slid 2.5 per cent, the Nasdaq fell 3.7 per cent and the Dow Jones Industrial Average dropped 1.9 per cent as of 3:30 p.m. EST. (The Logic)
Talking point: The S&P and Nasdaq reached their lowest levels since September 2024 after U.S. President Donald Trump said Sunday he would “hate to predict” whether his country will face a recession. “There is a period of transition because what we’re doing is very big,” he added. Commerce Secretary Howard Lutnick, on the other hand, told NBC news that there would not be a recession in America this year. In Canada, economists have flagged the potential of up to three years of recession if tariffs come in place. The S&P/TSX composite was down 1.6 per cent, as of 3:30 p.m.
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