Sat. Jul 11th, 2020

Dow Plunges 400 Points Monday Due To Trump’s Trade Wars

Stock benchmarks finished sharply lower Monday, building on the previous week’s decline on lingering worries over U.S.-China trade tensions and continued unrest in Hong Kong.
 Dow Jones Industrial Average Dives Sharply Downward
The Dow Jones Industrial Average DJLA. – 1.45% fell 391 points, or1.5%, to 25,896.44, with the blue-chip gauge sinking by as many as 462.5 points to an intraday low at 25,824.94. All but shares of Merck & Co.
MRK. +0.25% finished in negative territory, with the drug company gaining 0.2%.
Meanwhile, the S&P 500 index SPX. -1.22%  shed 35.96 points, or 1.2%, to 2,882.70., with all 11 of its sectors ending lower, led by a 1.9% skid by financials XLF. -1.91%.
The Nasdaq Composite Index COMP. -1.20%  dropped 95.73 points to 7,863.41, down 1.2%.
The Dow saw a 0.8% fall last week to end Friday at 26,287.44, while the S&P saw a 0.5% weekly decline to 2,918.65. The Nasdaq finished 0.6% lower last week at 7,959.14.
Written By: Tommy Lightfoot Garrett
Photographs are Courtesy:   AP
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