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Dow sinks nearly 700 points as U.S.-China trade, falling 10-year yield spook investors
U.S. stocks accelerated losses Tuesday afternoon as skepticism over the significance of an agreement reached by the U.S. and China to postpone new tariffs mounted and as the market digested a flattening yield curve in U.S. government debt.
How are the benchmarks faring?
The Dow Jones Industrial Average DJIA, -2.64% skidded 552 points, or 2.1%, to 25,268, while the S&P 500 index SPX, -2.61% dropped 61 points, or 2.2%, to 2,728. The Nasdaq Composite Index COMP, -3.01% tumbled 200 points, or 2.7%, to 7,243.
What’s driving the market?
Skepticism surrounding the U.S. and China’s ability to achieve a concrete deal to avoid new, or expanded, bilateral tariffs is rising, as investors focused on the lack of specific concessions made by China at last weekend’s G-20 meeting in Argentina where President Trump and Chinese leader Xi Jinping met.
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https://www.marketwatch.com/story/dow-fu...2018-12-04
U.S. stocks accelerated losses Tuesday afternoon as skepticism over the significance of an agreement reached by the U.S. and China to postpone new tariffs mounted and as the market digested a flattening yield curve in U.S. government debt.
How are the benchmarks faring?
The Dow Jones Industrial Average DJIA, -2.64% skidded 552 points, or 2.1%, to 25,268, while the S&P 500 index SPX, -2.61% dropped 61 points, or 2.2%, to 2,728. The Nasdaq Composite Index COMP, -3.01% tumbled 200 points, or 2.7%, to 7,243.
What’s driving the market?
Skepticism surrounding the U.S. and China’s ability to achieve a concrete deal to avoid new, or expanded, bilateral tariffs is rising, as investors focused on the lack of specific concessions made by China at last weekend’s G-20 meeting in Argentina where President Trump and Chinese leader Xi Jinping met.
...
https://www.marketwatch.com/story/dow-fu...2018-12-04
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