Dow Tumbles Again, Loses More Than 1,300 Points in Two Days as Trump Ignites Trade War
The Dow Jones Industrial Average tumbled for a second day as President Donald Trump’s tariffs left investors fearful of potential shockwaves for the economy.
The blue-chip average dropped 670.25 points, or 1.55%, building on Monday’s plunge of nearly 650 points. The Dow ended the session at 42,520.99. The S&P 500 dropped 1.22% and closed at 5,778.15 after notching its worst day of the year in the prior session. The Nasdaq Composite lost 0.35% and finished at 18,285.16.
At their worst levels, the Dow fell more than 840 points and the S&P 500 slid 2%. The Nasdaq had dropped more than 2% at its lowest and at points flirted with correction territory, a term that refers to an index falling 10% from a recent high. More than 4 out of 5 S&P 500 stocks ended the day lower. Some investors scooped up shares like Nvidia that have been battered this year.
Source : CNBC
