Financial news

Dow Industrials Down 500 Points on China Currency War Indication

By  | 

Via Economic Policy Journal

UPDATE BELOW: Dow now down more than 700 points

U.S. stocks opened deeply in the red this morning after China allowed its currency to fall against the dollar, signaling the potential for a currency war.

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.

UPDATE

A solid observation by Krugman:

Deep dive analysis at the EPJ Daily Alert. There is a lot to do right now.


UPDATE 2


The Dow Industrial Average is now down by more than 700 points.




Print Friendly, PDF & Email

Hold dit netværk orienteret

READ ALSO  [KR1464] Keiser Report: A rivalry turned ‘financial war’