US Morning News Call | US, China Discuss a Trump-Xi Summit for June

Moomoo Breakfast US07:41 ET

The drop is historically rare! Who could have predicted that the opening of the US stock market under "Trump 2.0" would be so poor two months ago?

Market pessimism spreads, the USA stock market hits its lowest level since Obama took office during the Global financial crisis in 2009, with all three major stock indexes erasing all gains since the beginning of the year.

wallstreetcn23:51 ET

Trump's "economic suicide"? Black Monday for U.S. stocks: Wall Street trapped in a death spiral.

① As investors rush to escape almost all types of risk Assets, concerns about an economic recession have further swept across Wall Street; ② The steady decline of the USA stock market accelerated sharply on Monday, and Wall Street encountered a stormy "Black Monday" market...

cls.cn21:16 ET

Trump and Powell, who will save the US stock market this time?

Analysts believe that we should neither expect the Trump administration to intervene nor anticipate the Federal Reserve to take action to support the market: USA Treasury Secretary Yellen explicitly denied the existence of "Trump's support" last week and stated that as the Trump administration implements spending cuts and tariff agendas, the USA economy will undergo a "withdrawal period"; on the other hand, insufficient progress in slowing inflation has limited the Federal Reserve's space for action, and although the market expects more interest rate cuts in 2025, the Federal Reserve remains in a wait-and-see position.

wallstreetcn20:42 ET

Trump's policies scare Wall Street! Economic concerns intensify, and U.S. stocks and other risk Assets are undergoing a "bloodbath."

As economic concerns sweep across Wall Street, investors are pulling out of nearly all types of risk Assets, intensifying the decline in the USA stock market.

Zhitong Finance19:32 ET

U.S. stocks closed: recession concerns severely impacted the market, with all three major Indexes dropping over 2%, and the Nasdaq plummeting 4%.

① All three major Indexes dropped over 2%, with the Nasdaq plummeting 4%; ② Technology stocks collectively fell, with Tesla dropping over 15%; ③ China Concept Stocks fell across the board, with the Nasdaq China Golden Dragon Index dropping 3.59%.

cls.cn18:03 ET