The New York Stock Exchange records sharp declines in the beginning of trading

The New York Stock Exchange recorded a sharp decline of approximately three percent at the start of trading on Monday, like most global stock markets.
These deteriorating results come in light of the fact that Donald Trump imposed on the United States’ trading partners.

American stock exchange indicators

Upon starting trading, the Dow Jones Industrial Index decreased by 2.85%, the Nasdaq index lost 3.91%, and the S & B 500 index 3.24%.
The Stock Exchange was “again” to track other global markets to decline.
This comes with the increasing concerns about whether the trade war launched by President Donald Trump will destroy the global economy.

Global economy

The Standard & Poor’s 500.8 % fell in early trading today, Monday, after its worst week since the Kofid’s pandemic began to destroy the global economy in March 2020.
Hong Kong shares have decreased by 13.2 % in their worst day since 1997.
While the price of the standard US crude oil barrel fell shortly to below $ 60 for the first time since 2021.