US actions decreased in early trade on Tuesday, extending the losses suffered on Monday as the markets reacted to the refusal of President Donald Trump to rule out a possible recession in the middle of a increasing global commercial war.
The industrial average Dow Jones reduced about 80 points, or 0.2%, while the S& P 500 decreased 0.2%. The heavy technological nasdaq fell around 0.15%.
The slight fall in early trade on Tuesday followed a decrease in the market of days played by US tariffs imposed last week in Canada, Mexico and China, some of which were delayed. The retaliation rates issued by China on Monday deepened a commercial war between the two largest economies in the world.
On Monday, the nasdaq heavy technological collapsed of 4%, registering its worst negotiation day since 2022. The Dow Jones Industrial Avenge and S& P 500 each fell more than 2% on Monday.
The market delay on Monday extended losses last week. The s& P 500 registered its worst week since September.
When asked about a possible recession in an interview broadcast on Sunday, Trump said the tariffs imposed in recent days could achieve a “transition period.”
A merchant works on the floor of the New York Stock Exchange in the Opening Campana in New York City on March 10, 2025.
Charly triballeau/AFP through Getty Images
“I hate to predict things like that,” Trump told Fox News in an interview recorded on Thursday. “Take a little time, but I think it should be great for us.”
In response to a question later on Sunday about his reluctance to rule out a recession, Trump said: “I tell you what, of course, doubts. Who knows?”
The labor statistics office is expected to publish a report on how many jobs are open in the economy, which could provide another clue about the strength of the economy in the midst of the new recession concerns. An inflation report is expected on Wednesday.
This is a development story. Consult the updates again.
Max Zahn of ABC News contributed to this report.
