Trump's Statements Trigger US Market Chaos: Dow, S&P500 See First 2026 Red Close

Business
M
Moneycontrol•08-01-2026, 09:50
Trump's Statements Trigger US Market Chaos: Dow, S&P500 See First 2026 Red Close
- •US stock market indices, Dow Jones and S&P500, closed in the red for the first time in 2026, driven by profit-booking and external factors.
- •President Trump's statements targeting institutional investors in housing led to Blackstone shares falling 9%, with other homebuilders also dropping.
- •Trump also targeted defense companies, urging them to halt share buybacks and dividends, causing Lockheed Martin shares to decline 5-6%.
- •Mixed economic data, including lower ADP Private Payrolls and JOLTS Job Openings, added pressure despite a strong ISM Services PMI.
- •Commodity markets saw volatility with silver and platinum declines, and a warning of $7 billion withdrawal from gold/silver.
Why It Matters: Trump's policy statements and mixed economic data caused the US market's first 2026 red close.
✦
More like this
Loading more articles...





