Capital is at an all-time high as Wall Street’s stock market continues to fall, with the Dow Jones Industrial Average down more than 10 percent.
The S&P 500 is down nearly 4 percent, and the Nasdaq Composite down nearly 5 percent.
In the U.S., Wall Street closed Friday at 2,957.7 billion shares.
It closed at 2.7 percent higher in New York, where the stock market closed Friday down 1.3 percent.
In London, it closed Friday up 0.7% at 898.4 billion.
As of late Friday, the S&s average price was up just 1.2 percent, while the Dow fell 1.6 percent.
In a note Friday, Paul Volcker, president of the Federal Reserve Bank of New York said the economy has “reached a turning point.”
He said the “vast majority” of economists expect the U,S.
economy to expand at a 2 percent annual rate this year, which would be the slowest pace in a decade.
Volcker also said the Fed would consider raising interest rates in a matter of weeks.
“The economy has reached a turning stage, and we will need to act swiftly to address it,” Volcker said in a statement.
The Dow Jones industrial average closed Friday near a record high of 20,922.5, while S&am closed Friday for a record low of 7,569.4.
The Nasdaq fell 4.7.
The S&op 500 closed at its record high.
On Friday, President Donald Trump and his daughter Ivanka Trump visited a Walmart in Canton, Ohio, that was recently purchased by an investor who had invested $1 billion in the company.
At the Walmart, the President spoke with employees who said he was happy about the deal.
Trump said he has been impressed with the company and said the store was “a jewel in the crown of the Walmart” and will provide jobs and growth.
A Walmart spokesman said the company is “very happy to welcome President Trump to Canton” and has been “humbling” to welcome the President and Ivanka Trump to the company headquarters.
The Trump family also visited a Wal-Mart store in Michigan that was previously owned by the family of the late Wal-mart CEO Mike Duke.
The store was purchased by a private investor in August.
President Trump also visited the headquarters of a company that has been struggling to compete with online shopping giant Amazon.
Amazon, which is worth $800 billion, said it will close a warehouse facility in Cantons hometown of Canton.
The company said it plans to close a distribution center in Cantona and a manufacturing plant in Cantown.
The company also said it is closing its headquarters in Indianapolis.