00:00The U.S. stock plunged on Monday and Tuesday as investors grappled with mounting concerns
00:05over the health of U.S. economy.
00:08Nine of the 11 primary, standard and poorest 500 sectors ended in the red with technology
00:13and consumer discretionary suffering the steepest decline falling 4.34% and 3.90% respectively.
00:22Investor unease was fueled by the recent comments from the U.S. President Donald Trump, who
00:26acknowledged the possibility of a rough economic path ahead.
00:29U.S. Treasury Secretary Scott Besant said last Friday that the economy might experience
00:35a detox period as the new administration implements government spending cuts.
00:41During a Fox News interview aired on Sunday, Trump described the economic situation as
00:45a period of transition when asked about the potential for a recession.
00:51The remarks, coupled with escalating trade tensions highlighted by ongoing tariff negotiations
00:55between the United States, Mexico and Canada, have rattled market participants.
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