Wall Street Dragged Down By Trump Trade Tweet

Wall Street Dragged Down By Trump Trade Tweet

Friday, August 02, 2019
The DowJones Industrial Average fell 280.85 points, or 1.05%, to 26,583.42, the S&P 500 lost 26.82 points, or 0.90%, to 2,953.56 and the Nasdaq Composite dropped 64.30 points, or 0.79%, to 8,111.12.

Wall Street fell again on Thursday, abruptly reversing early gains after US #President Donald Trump put concerns about the US-China trade war back in the spotlight, tweeting that he would impose an additional 10% tariff on $300 billion in Chinese imports.

Having spent most of the session on track for their best day since June, all three major U.S. stock indices took sudden U-turns as investors quickly turned into sellers after the tweet.

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