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American stocks went to the shares of the open, as traders were concerned about the customs tariffs and high interest rates, and if Jerome Powell was forced to go out as the Federal Reserve Chairman.
At 8:30 am EST, an hour before trading on American exchanges, futures trading in the main averages were less.
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The Standard & Poor’s 500 index was looking at a 1.2 % decrease in the open. The Nasdaq index was a compound looking at a 1.5 % decrease. Dow Jones Industrial was more than 400 points.
The market drop begins a week that includes important profits, including Tesla ((Timing)) On Tuesday, IBM ((IBM)) Boeing ((Ba)) On Wednesday and the mother’s alphabet Google ((Googl)) After near Thursday.
Tesla shares were more than 4 % of the shares on Monday.
Sensitive stocks for encryption such as Microstrategy ((Mstr)) It was the highest with Bitcoin’s move to $ 87,050, its highest level since March.
Stock slice continues
The market has decreased since President Trump revealed its identification plans on April 2. The immediate announcement has been contacted for 90 days, but the basic tariff rates are now 10 %, which is the highest level in a hundred years.
When going to the two, the S&P 500 decreased by 10.2 % a year. Nasdak decreased by 15.7 %, and Dow was 8 %.
Understanding this year caused gold prices to rise 3000 dollars per ounce. On Monday, the price was at $ 3,418 an ounce, an increase of $ 90 from Thursday.
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The battle is above the Federal Reserve.
Things were complicated by the president’s attacks on the President of the Federal Reserve Powell. Last week, the president said that Powell could not end enough. Trump appointed Powell in the Federal Reserve in his first term.
The president believes that the Federal Reserve should reduce rates strongly. The price of the main federal funds at the Federal Reserve is now 4.25 % to 4.5 %.
Moreover, the administration is angry with the idea of a federal reserve that cannot be controlled.
Trump’s adviser Kevin Haysit said on Friday that the administration is studying whether it can shoot Powell, who does not end the term of the chairman until the spring of 2026. Powell argued that he could not be expelled except for the reason.
In addition, the administration was floating Kevin Wrash, former Federal Reserve Governor, as a potential caliph.
Related: This week will indicate whether the definitions are painful
Meanwhile, Catholics were saddened by the death of Pope Francis, whose death was announced in 88 early on Monday.
Stock markets were closed in many countries, including European countries, Brazil and Hong Kong, after Easter on Sunday.
Related: The Veteran Fund Director reveals the prediction of the S&P 500
