Elon Musk cutting $2trn in US spend is negative for markets: Chris Wood

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Closer home, the fall in Indian stocks, especially the mid-and small-caps, he said, is healthy and called it a 'natural correction' after a sharp run.

So far, US stocks have proved remarkably resilient in the face of rising bond yields.

The US government, meanwhile, had spent $6.75 trillion in fiscal year 2024 (October 2023 to September 2024) according to official figures from the US Treasury.

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Category: BusinessFinance

Markets: IndiaChina

Topics: Chris Wood on US dollar Elon Musk spending cut Chris Wood Donald Trump Chris Wood Chris Wood Jefferies Chris Wood on Elon Musk US dollar vs rupee Markets RBI Interest rates Bond yields

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 15:49:47 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 639 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23583718

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