Bebeto Matthews/AP
The Dow Jones Industrial Average fell nearly 800 points on Monday after China announced regulations that could threaten U.S. tech companies, which have been leading the stock market to new records. Continued economic uncertainty because of the pandemic and scrutiny of big banks also weighed down the stock market.
The Dow dove 2.7% and the broader S&P 500 index fell about 2% in midday trading. The Nasdaq composite index was down more than 1%. Over the weekend, China announced rules for a new regulatory body that could blacklist foreign companies that unfairly treat Chinese companies or pose a threat to Chinese national security, NPR's Emily Feng reported.
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It isfall!
What about steel?
Markets and capitalism is so scary to leftists.
Boogaboogabooga!
Mass unemployment doesn't hurt it but maybe some regulations is enough to send it falling
Trump’s fault. As usual.
Hey, look here realDonaldTrump , don't say we're not acknowledging you stock market contribution.
Small price to pay for decades of appeasing Chinese Communist tyranny.
Tired of winning yet?
It's not as though tech companies could be a bubble. Tesla recently had a market cap larger than Walmart and Apple larger than all UK companies combined. Sounds sustainable.
Trump's trade war, a disaster from day one.
good
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