Dow Industrials Down 500 Points on China Currency War Indication
The Dow Jones Industrial Average is down, -1.93% to 25,973.32 or 501.86 points lower. The S&P 500 is down -1.96% at 2,874, down57 points, or 1.97%. The Nasdaq is down -2.52% or 179 points, 2.2% to 7,822.
Hope I’m wrong, but in retrospect Trump’s latest tariffs may look like the world trade equivalent of the assassination of Franz Ferdinand — the event that tripped an uneasy situation into all-out trade war 1/ https://t.co/KpHZ1BvWYE
— Paul Krugman (@paulkrugman) August 5, 2019
Deep dive analysis at the EPJ Daily Alert. There is a lot to do right now.
The Dow Industrial Average is now down by more than 700 points.