The Dow Jones Industrial Average fell 450 points, or 1.6 percent, on Monday as concerns over the U.S. economy and trade tensions with China grow.
The Dow plunged below 26,000, a level it first broke in January 2018.
Driving the losses were renewed fears about growing weak points in the economy as bond yields continued to decline. A Bank of America analysis also raised the chances of a recession to 1 in 3, up from 1 in 5 a few months back.
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On Monday, the Dow plunged nearly 400 points below 26,000, a level it first broke in January 2018 https://t.co/dHtwRpfSrb pic.twitter.com/7iMF502Vyw
— The Hill (@thehill) August 13, 2019
Well, this morning the market rose on news that King Donnie decided to delay the tarriffs.
I just love how this president can manipulate the markets on a whim to play with our retirement nest eggs.
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