Feb 01, 2017 09:30 PM EST
The Trump administration is getting serious on its path to economic isolation and Wall Street has started to feel the intensity of President Donald Trump's Protective Policies when the Dow hit 20,000 since January 25. Just a few days with the new presidency, things are sinking in places.
With its second sequential three-digit descent, the Dow dropped to 107 points putting it on its third straight daily loss. Although, this is only a 1.4 percent decrease since last week with a total point drop of 270.
The President has shared his opinion against the "One-China" Policy and, upon his assumption in office, has broken ties with the Trans-Pacific Partnership.
Recently, Trump signed the Executive Order imposing a 90-day travel ban for seven major Muslim countries which has affected further trade relations.
Uncertainties are starting to grow among Wall Street strategists seeing the anti-foreigner rhetoric the President is imposing is a single key for foreign investment to go down.
Think Markets UK Chief market analyst Naeem Aslam said in a report that, "There are a number of questions on Donald Trump when it comes to handling issues of trade deals, immigration, protectionism and developing a sound foreign relationship." Investors are increasingly worried about the impending "Trade War" at stake if major changes in foreign policies result to US economic isolation.
Northern Trust Wealth Management Chief Investment officer Katie Nixon wrote. "Trump's pro-growth agenda has the ability to add momentum to the economy. Immigration and trade proposals may offset some of the benefits to tax reform."
"Border tax, significant limitations/constraints on trade and limits on immigration could also lead to a significant rise in inflation that could threaten the market rally," Nixon added. Questions are now rising how President Trump will be good for the stocks.
President Trump's approach to governing and his way with the global economy is different from previous US Presidents. Wall Street analysts and strategist will have to see the changing trend of the US economy.
The French luxury group gains full control of the 70-year-old Parisian fashion house Christian Dior in a mammoth deal worth around €12.1 billion.
UK luxury fashion retailer Burberry posts lackluster set of results for its second half following an impressive result in the third quarter, a retail analyst stated.
What seemed like a perfect hacking operation turned out to be a failure as Kaspersky has spotted a mistake on the part of the Lazarus hackers. It found a brief connection that came from North Korea - proving their identity and origin.
A lawsuit has been filed by a Democratic political consultant and Fox News contributor on Monday alleging, among others, that Roger Ailes denied her of a permanent hosting job after she turned down his sexual advances.
South African leader, Jacob Zuma, has sacked finance minister Pravin Gordhan in a move that drove the country's currency down five percent in value. The president calls for a midnight reshuffle in his Treasury members who he felt were disloyal to his political intentions.
The US president has long promoted a change on how foreign businesses should run their operations - and that is to revive American manufacturing. Uniqlo head showed he didn't like being given an ultimatum by Trump.
Cemex, one of the world's largest cement producers, has not participated in the first round of bids that is currently underway but said it is open to providing quotes to supply the raw materials for Trump's promised border wall.
Arket, which means 'sheet of paper' in Swedish, will cater to a modern-day market with products for men, women, children and the home.
Amazon was one of the leaders in keeping online purchases tax-free. As the company moves to offer faster deliveries, it expanded its distribution centers and started collecting sales tax in more states.