The Dow dropped more than 700 points at its worst, closing down 2.4%, or 623 points. The S&P 500 and the Nasdaq Composite finished 2.6% and 3% lower, respectively. It was the worst day for stocks since August 14. All three indexes had been on track to break a three-week long losing streak at the start of the day, but the selloff didn't allow for that. It was the fourth down-week in a row for all three, according to Refintiv.
The trade spat overshadowed the annual Federal Reserve symposium at Jackson Hole, at which Fed Chairman Jerome Powell reaffirmed his pledge to act as 'appropriate' in the eye of tricky economic conditions.Powell acknowledged that the economy had grown more turbulent, adding that fitting uncertainty about trade into the central bank's framework poses a new challenge. Powell didn't comment on future interest rate cuts.
Trump is going to win this issue with China. They need to realize they have no chance of it renegotiate. This is only going to continue to hurt them in the long run
my aunt laughed so bad
Trump's economic strategy.
In the long run we will win China sells more stuff then we sell them
and Democrats jump with joy
u3Y4BDE Somebody’s making a lot of money on this and it isn’t the little guy.
Trump has now declared war on America's economy aling with asylum seekers, US allies, the judiciary, and people who don't look like or think like him. Narcicissm, a God complex, and paranoia are are a powerfully dangerous combination.
There is NO RECESSION !! STOP the LYING to US !!! So SICK of Your FAKE NEWS Media !! Scare TACTICS !! STILL VOTING for TRUMP n PENCE 2020
I think the Chinese are well aware of the psychological impact a volatile Stock Market has on Trump.
Only to bounce back up tomorrow. Still record high Dow.
US economic destruction by Trump, as directed by Putin, almost complete.
Amazing how fake news cnn reports when the Dow drops but doesn’t respond when the Dow recovers This is why cnn as well msnbc combined can’t beat FOX news
He picked the fed chief. I was raised to admit to everything, regardless of good or bad. You can learn from mistakes, but first you have to accept that you made a mistake.
Ball-gagged Republicans in Congress remain feckless and silent!!!
Yeah sure. Trust China over our President, because I am sure they have everyone's best interests at heart.
Well just look at our history the past five presidents haven't done anything so it's going to be a rough road for a little while at least Donald Trump is doing something about it
Good job Maybe you guys will get the Recession you are fighting for. Orange man bad. No one deserves a job
To Stumpy, it's just an inverted shot up.
The news media used to say: there’s Wall Street, and there’s Main Street. Now they say what happens to Wall Street is what’s happening in Main Street.
GOP this is on YOUR HEAD.
Homeland Security forced China's state-owned Cosco* Orient Overseas International (OOCL) to sell Port of Long Beach Container Terminal over security concerns. Obama administration had allowed China OOCL signing 40-year security risk with Long Beach!
Wrong. Anyone with any idea of the market knew this was coming.
If Trump makes a fool out of himself this weekend at the G7, look for the Dow to pick up where it left off today on Monday.
realDonaldTrump confronted China's effort to dominate South China Sea by sailing USS Wasp Marine Assault Carrier armed with 15 F-35B jets. China no match for the U.S. Navy with about 300 active combat vessels, including 11 aircraft and 9 Marine Carriers.
realDonaldTrump = NotFitToServe
25A
Federal Tax Cut $10,000 SALT limit; I dare CA TheDemocrats GavinNewsom touch Prop 13 and piss off wealthy influential voters that can no longer deduct property tax to other states! GOP Congress, make Fed Tax Cut permanent! Vote carldemaio stop taxes
I wish my ass pay attention more in Economic class to understand some of this business stuff
What is wrong with Donnie? His cognitive impairment is clear and he is danger to himself and others.
600 Pts... It's all manipulated money
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