Dow Jones falls nearly 800 points amid trade war, recession fears

Tuesday, December 4, 2018 | Tag Cloud Tags: , , , , , , ,

(Worthy News) - 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. [ Source: UPI (Read More...) ]

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