Dow plunges more than 760 points amid US-China tensions
By Niv Elis - 08/05/19 04:23 PM EDT
The Dow Jones Industrial Average plummeted 767 points on Monday in U.S. stocks' biggest drop this year, as President Trump's trade war with China ratcheted up.
The Dow closed at 25,717, erasing all its gains since January 2018. At its lowest point in the day, the index was down a whopping 950 points.
Markets had their worst day since December 4th, 2018, when the Dow fell 799 points. The S&P 500 closed down 89 points, and the NASDAQ plunged 278.
In terms of points, the drop was the sixth worst day in the Dow's history, but in percentage terms the Dow's 2.9-percent drop did not register in the top 20 worst days, a reflection of the recent peaks which markets have reached. All three markets had set new records in July.
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https://thehill.com/policy/finance/456258-dow-plunges-more-than-760-points-amid-us-china-tensions