Stocks plummet under tensions from beginning of US/China trade war

in #tradewar7 years ago

https://www.theguardian.com/business/2018/apr/06/us-stock-markets-sink-trade-war-fears-china-tariffs

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The Dow Jones industrial average closed 572 points down, or around 2.3%. Boeing and Caterpillar, considered vulnerable in any trade war with China, fell by 3.1% and 3.5%, respectively.

The losses wiped out the major indexes’ gains for the week, with the S&P 500 down 1.7% and the Nasdaq down 2.2% as investors moved into haven assets such as bonds and gold.
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The collapse of the capital market is normal, it continues

Seems just on schedule actually. The market seems to plummet almost like clockwork . shrugs