Dow drops 1,400 points, Nasdaq set to close in bear market as Trump tariff sell-off worsens
CNBC Reports:
“The stock market took another pounding Friday after China retaliated with new tariffs on U.S. goods, further lending credibility to fears of a trade war that could spark a global a recession.
The Dow Jones Industrial Average traded more than 1,200 points lower, or 3%. This follows a 1,679.39 point decline on Thursday. The S&P 500 slid 3.6% after the benchmark shed 4.84% on Thursday and now sits 15% off its recent high. The Nasdaq Composite dropped 3.8%. On Thursday, the Nasdaq tumbled 6%.”
My Commentary:
Tesla already down another 6 % today!
“The stock market took another pounding Friday after China retaliated with new tariffs on U.S. goods, further lending credibility to fears of a trade war that could spark a global a recession.
The Dow Jones Industrial Average traded more than 1,200 points lower, or 3%. This follows a 1,679.39 point decline on Thursday. The S&P 500 slid 3.6% after the benchmark shed 4.84% on Thursday and now sits 15% off its recent high. The Nasdaq Composite dropped 3.8%. On Thursday, the Nasdaq tumbled 6%.”
My Commentary:
Tesla already down another 6 % today!
