Dow drops more than 600 points as china trade war escalates
Stocks fell sharply on Monday, with the S&P 500 and Nasdaq Composite having their worst day of the year, after China decided to raise tariffs on some U.S. goods as the ongoing trade war between the world’s largest economies intensifies.
The Dow Jones Industrial Average dropped 643 points, or 2.5%, and was on pace for its biggest one-day loss since Jan. 3. The 30-stock index fell as much as 719 points. The S&P 500 fell 2.7% while the Nasdaq dropped 3.5%
Reported by CNBC