US: Dow dives 2% as China-US trade spat intensifies
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[NEW YORK] The Dow Jones Industrial Average sank more than 2 per cent at the open on Wednesday as big US manufacturers, grain merchants and chipmakers bore the brunt of a deepening trade conflict between China and the United States.
The S&P 500 opened below its 200-day moving average, a key technical level.
The Dow fell 506.21 points, or 2.11 per cent, to 23,527.15.
The S&P lost 40.75 points, or 1.56 per cent, to 2,573.7. The Nasdaq Composite dropped 126.95 points, or 1.83 per cent, to 6,814.33.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
