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Resilient Dow Jones Won’t Suffer Vicious Collapse: Morgan Stanley CEO

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By CCN: Since Friday’s opening bell, the Dow Jones has dropped by more than 1.2 percent to 24,862 as U.S. President Donald Trump vowed to impose tariffs on Mexican goods. Still, according to Morgan Stanley CEO James Gorman, a strong U.S. economy should save the Dow and wider stock market from collapse, even as Trump’s trade conflicts continue to intensify. Morgan Stanley CEO: Don’t Fear a Stock Market Crash Despite the rising tension between the U.S. and key trading partners, Morgan Stanley CEO James Gorman cited the strong position of the U.S. economy and hopes on the resumption of trade

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* First published on ccn.com

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