U.S. stocks had their worst day in eight months this week. Here's why.
By Justina Lee
(Bloomberg) --U.S. President Donald Trump can blame more than just the Fed for the recent market sell-off.
It was the perfect storm that gave U.S. stocks their worst day in eight months, sending European shares to the lowest since December 2016 and driving more than 1,000 Chinese companies to fall by the daily limit. After holding steady at the open, the S&P 500 is now set to drop for a sixth straight day, the longest streak since November 2016.
Here are the factors driving this week’s rout:
To contact the reporter on this story: Justina Lee in London at [email protected] To contact the editors responsible for this story: Blaise Robinson at [email protected] Paul Jarvis, Tom Lavell
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