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Dow sank 2% as manufacturers and chipmakers felt China-US trade war

The Dow fell 506.21 points, or 2.11 percent, to 23,527.15. The S&P lost 40.75 points, or 1.56 percent, to 2,573.7. The Nasdaq Composite dropped 126.95 points, or 1.83 percent, to 6,814.33.

Reuters 

The Dow Jones Industrial Average sank more than 2 percent at the open on Wednesday as big U.S. 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 percent, to 23,527.15. The S&P lost 40.75 points, or 1.56 percent, to 2,573.7. The Nasdaq Composite dropped 126.95 points, or 1.83 percent, to 6,814.33.(Only the headline and picture of this report may have been reworked by the Business Standard ...

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First Published: Wed, April 04 2018. 19:14 IST
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