The S & P 500 was on the edge of the "bear market" after accumulating a 19.8% drop from its peak in September. The index ends four successive drops more than 1.5%, which did not happen from August 2015.
Within a few hours of the Christmas holiday, the spirit of the markets was not a celebration at all, but quite the opposite. After the stock markets in Europe fell mainly from the retail and banking sectors, in the United States, the main indices have diminished to a minimum since April 2017.
Industrial Dow Jones led falls with the fall of 2.91%, followed by of the S & P 500 which lost 2.71%, are on the verge of a "bear market" situation either bear market, that is, a drop of 20% or more of the last peak.
The total index thus accumulated a decline of 19.8% from its peak in September, and ended four consecutive drops of more than 1.5%, something that has not happened since August 2015. ETechnological Nasdaq, meanwhile, fell by 2.21%.
In the midst of a generalized downturn, President Trump again directed his peaks against the Federal Reserve, accusing the US central bank of failures in New York, deepening reductions.
"The only problem with our economy is the Fed. They do not understand the feeling of the markets, do not understand the need for a commercial war or a strong dollar, and even exclusion Democrat for Borders, "Trump said on his Twitter account on Monday." The Fed is like a powerful golf player who can not achieve this because there is no contact, "the president said.
The tension remains despite the fact that US Secretary of State Stephen Munich left the morning to try to reassure the markets after consulting Wall Street's six main banks for their liquidity levels. The Authority also calls an urgent meeting with the main regulators of the financial sector. Sources that had access to the meeting They point out that regulators informed the government that they see nothing of the usual that affects the markets.
Although it was a special day, with early closing for Christmas, the volume of transactions was 41% higher than the average average of the last 30 sessions.
"The error lies with Sales of panic, emotions, no matter when the negative impulse starts, there is not much that can be done, "said Frank Kapelleri, a senior trader at Instinet, for Bloomberg.
Trump's comments come to raise tension after being told at the weekend that the president estimated to be removed from Federal Reserve Chairman Jerome Powell, for disagreements in the management of monetary policy.
In addition, concerns grow when the US enters it the third day of a exclusion or closing the government, in the midst of a fight between Trump and the Democrats to fund their wall on the border with Mexico. Observers in the US capital have begun to estimate that the suspension can be extended by the end of the year.
"The reality is that there is in Washington a large amount of unsustainability "said Chad Morgananalder, a portfolio manager at the Washington Board of Advisors. This is combined with the pressures on global growth and the end of the stimulus.
In Europe, The regional index Stoxx Europe 600 declined by 0.4% due to interest rate and growth concerns. The main losses affected HSBC Bank, which lost 1.0%, while LVMH for luxury goods fell by 1.2%.
European stock markets are on their way to their worst year since the financial crisis in 2008.
In Chile, meanwhile, IPSA was linked to the outer mood and closed the session with a drop of 0.64%.