Dow Drops 500 on Fears of China Trade War

Market was down 500 at midday
By Newser Editors and Wire Services
Posted Apr 2, 2018 11:20 AM CDT
Traders Gordon Charlop, left, and Mark Muller work on the floor of the New York Stock Exchange, Monday, April 2, 2018.   (AP Photo/Richard Drew)

(Newser) – US stocks were tumbling Monday after China raised import duties on American pork, apples, and other products. The Dow Jones industrial average was down more than 500 points at noon Eastern, or about 2%, per the Wall Street Journal. The Nasdaq slumped 190 points, or 2.7%, and the S&P 500 dropped 58 points, or 2.2%, per the AP. Tyson Foods is among the biggest losers on Wall Street, though the tech sector was sliding as well, with investors dropping some of their recent favorites such as Microsoft.

My Take on This Story
Show results without voting  |  
15%
7%
30%
10%
20%
18%