Dow Sinks Nearly 500 Points To New 6-Month Low—As Trump Brandishes Another Set Of Tariffs
Headline from Forbes, on the newest of 2 developments
“Markets are going to go up and they’re going to go down but, you know what, we have to rebuild our country," Trump said Tuesday, addressing the recent stock market woes.
Forbes's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
By John Towfighi and Lucy Bayly, CNN New York (CNN) — US stocks plunged, bitcoin stumbled and Wall Street’s fear gauge hit its highest level this year as concerns about President Donald Trump’s economic policy led to a widespread market selloff on Monday.
NEW YORK (CNN) — U.S. stocks plunged, bitcoin stumbled and Wall Street’s fear gauge hit its highest level this year as concerns about President Donald Trump’s economic policy led to a widespread market selloff on Monday.
The Dow Jones Industrial Average dropped 890 points, or 2.1%, after paring an earlier loss of more than 1,100, while the Nasdaq composite skidded by 4%.
The stock market kicked off the week with steep losses Monday after President Trump declined Sunday to rule out the U.S. economy slowing into recession. The Dow Jones Industrial Average closed with a loss of 890 points Monday, falling 2.1 percent.
“Markets are going to go up and they’re going to go down but, you know what, we have to rebuild our country," Trump said Tuesday, addressing the recent stock market woes.
