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Wall Street tumbles on tech sector, trade war worries; Dow falls 1.9%

The Dow Jones Industrial Average fell 458.92 points, or 1.9%, to 23,644.19 after dipping below its 200-day moving average

Stephen Culp  |  NEW YORK 

Wall Street shares plunged on Monday as investors fled technology stocks amid resurgent trade war worries, with key indexes trading below their 200-day moving averages and the S&P 500 closing below that pivotal technical level for the first time since Britain's vote to leave the European Union in June 2016. The first trading day of the second quarter began with a broad selloff concentrated in the technology and consumer discretionary sectors, as losses by Amazon.com , Tesla and Microsoft , among others, took center stage from retaliatory trade measures China unveiled on ...

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First Published: Tue, April 03 2018. 03:15 IST
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