The European and U.S. stocks ended lower on Monday, as the markets got sunk by growing fears about the prospects of U.S. slow economic growth and worsening U.S.-China trade frictions.
From the Indicators Dow Jones Industrial Average fell 391.00 points, or 1.49 percent, to 25,896.44. The S&P 500 decreased 35.96 points, or 1.23 percent, to 2,882.70. The Nasdaq Composite Index dropped 95.73 points, or 1.20 percent, to 7,863.41..
As at Monday the Shares of Occidental Petroleum fell over 4.5 percent, after Evercore rated the U.S. energy giant "in-line," saying that the company's acquisition of Anadarko Petroleum caused the valuation of Occidental Petroleum to have declined.
There seem to be a global worry of Recession Jetting inn.
There is an increasing worry of Recession in the USA at a time when Trump have announced additional 10% tariff on the remaining 300 Billion of Chinese goods coming go the US.