What's Going On With The U.S. Stock Market?Play
The arrest of a top Chinese technology executive rattled the U.S. stock market Thursday. The S&P 500 is down nearly 2 percent Thursday, nearly 5 percent since Monday, and it's below the level where it started the year.
The arrest of chief financial officer of the Chinese telecom giant Huawei, coupled with a decline in oil prices, has stoked fears that a trade deal between the U.S. and China could be in turmoil.
To top it all off, U.S. government bonds are on the edge of a yield-curve inversion — which has triggered concerns of a coming recessions.
We break down what this all means for consumers.
Conor Sen, opinion columnist at Bloomberg and a portfolio manager at New River Investments. He tweets @conorsen.
This segment aired on December 6, 2018.