Wall Street fell heavily on Monday, March 10, after Donald Trump refused to exclude the possibility of a recession in the United States. “I hate predicting this kind of thing”, He said the day before on the Fox New Conservative channel. “There is a transition period, because what we do is very important. We bring the wealth in America. It’s a great thing. And there are always periods when it takes a little time. ».
Logically, the scholarship has unscrewed, led by technological values but also banking: the NASDAQ fell 4 % while the S&P 500 abandoned 2.7 %. In total, for these two indices, the correction from the highest is respectively 13.5 % and 8.7 %.
Tesla, the Elon Musk firm, decreasing 15 % on Monday at 222.15 dollars, has lost more than half of its market value since its highest in January and is now less than before the election of Donald Trump, in November 2024. Tech giants like Nvidia and Apple fell for their part by around 5 %.
The American president had assumed the stock market turbulence on Sunday: “What I have to do is build a strong country. You can’t really watch the stock market. If you look at China, they have a prospect at a hundred years ”, he said. An argument torpedoed by Jason Furman, economist in Havard “If you implement a credible plan that involves short -term suffering for long -term gain, the stock market will increase and decrease”accuses the former adviser to Barack Obama on X.
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