the US stock markets were launched on Wednesday, the S & P 500 index closed below an important technical level for the first time since the day of the presidential election in the country. The move was pushed by geopolitical concerns and comments by US President Donald Trump on the dollar and interest rate.
In an interview with the Wall Street Journal, Trump said the dollar was getting very strong, although he also said he would like to see interest rates remain low. Markets do not like uncertainty, "said Peter Tuz, president of the Chase Investment Counsel in Charlottesville, Va.Investors sought protection in defensive and other low risk assets.The industrial and commodity sectors saw the sharpest falls, along with financial sector stocks, while shares in utilities, commodities and telecommunications gave the S & P 500 the biggest gains
In an interview with the Wall Street Journal, Trump said the dollar was getting very strong, although he also said he would like to see interest rates remain low. Markets do not like uncertainty, "said Peter Tuz, president of the Chase Investment Counsel in Charlottesville, Va.Investors sought protection in defensive and other low risk assets.The industrial and commodity sectors saw the sharpest falls, along with financial sector stocks, while shares in utilities, commodities and telecommunications gave the S & P 500 the biggest gains