Dow drops 450 points on trade, economic concerns

Source: The Hill | August 12, 2019 | Niv Elis

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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  •  EVERYDAY #31223

    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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