WEB Notes: It sounds like a self-fulfilling prophecy. Did all of you become scared and sell your stocks or did the algorithms do it? 800 points must put this drop within the top ten, maybe the top 5 in history. The last several months we have seen instability start to creep into the markets just as we did roughly ten years ago.
Stocks took a tumble Tuesday as the Dow Jones Industrial Average fell nearly 800 points amid renewed fears regarding the U.S.-China trade war and a possible economic slowdown.
The Dow closed down 799.36 points or, 3.10 percent, at 25,027.07, while the S&P 500 fell 3.24 percent and the Nasdaq Composite slid 3.8 percent, as President Donald Trump stoked trade war fears and a flattening yield curve prompted worries of a recession.
Trump tweeted Tuesday morning about negotiations on a trade deal with China and Chinese President Xi Jinping, reiterating that new tariffs could be implemented in addition to existing tariffs if the talks are unsuccessful.