The U.S. stock market fell on Monday, suggesting that major stock indexes will fall from record highs as investors take profits while recognizing new political and economic uncertainties.
Futures linked to the Standard & Poor’s 500 Index fell 0.5%, indicating that the benchmark index may fall from its all-time high on Friday’s close. The Nasdaq 100 Index fell 0.4%, and the Dow Jones Industrial Average fell 0.7%.
In recent days, the stock market has risen because of bets that the Democratic-controlled Congress will increase government spending and boost economic recovery.
At the beginning of the new week, market sentiment is weakening because investors face many risks. On the political front, the Speaker of the House of Representatives Nancy Pelosi (Nancy Pelosi) said that the House of Representatives may begin impeaching President Trump this week. The worrying thing is that Washington’s new resentment may weaken support for other important measures.
Recent economic data also showed that the recovery of the US labor market stalled in December, ending seven months of job growth and exacerbating concerns about deteriorating short-term prospects. The Covid-1