Stocks were pummeled by selling Monday, pushing indexes from New York to Shanghai lower, as the yuan reeled and fresh trade threats between Beijing and Washington raised fears of an economic slowdown.
As of 4 p.m. ET, the Dow Jones Industrial Average fell 766 points, or 2.9%, to 25718. At their low point, during afternoon trading, the Dow industrials had fallen 961 points. The S&P 500 on the day shed 3% and the Nasdaq Composite declined 3.5%, one of their worst days of the year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
More winning....
Sounds like winning to me!!!
If the economy is really good, why has Trump imposed tariffs on China? I do understand that China is stealing our intellectual property. But, there are other ways to punish them. The tariffs are killing us. Tariffs are taxes. Trump is too stubborn or too dumb to understand that.
burcham_don Ringraziate Il vostro Trump, incapace è arrogante.
POTUS VP China is also manipulating our stock market-all our markets for their gain. Why are they allowed to 'invest' / gamble in our stock market? Trump2020
We have china BY THE BALLS
2.9% is not much considering how high the market is and has been for more than 2 years
Since...last December. Gee, all the way back then huh?
Ouch
Can almost taste the sweet victory with winning the trade war. Can't you?
Wow a whole 7 months ago. Fear mongering again.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European stocks seen sharply lower as trade tensions mountEuropean stocks were seen tumbling Monday morning as a rapid escalation of U.S.-China trade tensions continues to spook investors worldwide. Is Trump warning people about these tariffs so they can play the market? Then he rescinds his decision again and the Market swings the other way? Curious and Curiouser...
Source: CNBC - 🏆 12. / 72 Read more »
Stocks, Yuan Drop Sharply as Trade Spat IntensifiesStocks across Asia fell and the Chinese yuan depreciated to a new low in offshore trading, following an escalation in the U.S.-China trade dispute and widespread protests in Hong Kong. transportation declines in US that means economy down, but official figures shows growth. why you don't care this? why you still talking about Yuan? Thangs is abouts to get good! ...aaand whens tha'goin' gets good, tha'good gets goin'. Stay tuned, folks. 💰 Entertainment money sunny days around the bend 🌅 ASX follows with 1.7% decline.
Source: WSJ - 🏆 98. / 63 Read more »
Stocks slide amid US-China trade war escalationWe're watching markets slide amid escalations in the the US-China trade war. The S&P 500 is having its worst day of the year and the Dow and Nasdaq are both down more than 3%. Watch live on Facebook: You watch, The Donald will tweet out that the US and China are nearing a deal so he will postpone the new tariffs he has threatened to impose on China. He may even lower some of those already in effect. That’s is first impact. The markets will stabilize once th companies announce they’re coming back home with lots of jobs for Americans
Source: CNN - 🏆 4. / 95 Read more »