U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite dropping over 100 points on Thursday.
The Dow traded down 1.09% to 33,913.56 while the NASDAQ fell 0.96% to 13,659.77. The S&P 500, also fell, dropping, 0.87% to 4,408.14.
Ask economists, analysts and the White House if the United States is in a recession, and you will get different answers. With the U.S. posting two straight quarters of negative GDP growth, one definition of a recession was hit this week. Did the world’s richest man correctly predict a recession?