Dow sinks 500 points as Britain's Brexit mess fuels investor angst

[DonViejo]

By Thomas Heath December 10 at 11:31 AM

U.S. markets deepened their losses Monday as Britain’s political crisis around Brexit clouded investors’ outlook, with British Prime Minister Theresa May putting off a key parliamentary vote on her country’s exit from the European Union.

Investors are also on edge about developments in the U.S.-China trade dispute.

The Dow Jones industrial average dropped more than 500 points — or 2 percent — in morning trading, dragged lower by banks and Apple. The iPhone maker was ordered by a Chinese court to stop selling some of its late-model phones in the country after a ruling that it had infringed on patents held by Qualcomm.

The Standard & Poor’s 500-stock index fell 1.8 percent and the Nasdaq composite was down 1.2 percent.

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https://www.washingtonpost.com/business/economy/dow-sinks-500-points-as-britains-brexit-mess-fuels-investor-angst/2018/12/10/f14c7e2e-fc92-11e8-ad40-cdfd0e0dd65a_story.html

[Turbineguy]

1. The last financial collapse started in London.

This is one of the reasons Putin wants Brexit.

[PoindexterOglethorpe]

2. And now it's only down 128 points.

About one half of one percent.

And of course, the day is not over yet.

[TwistOneUp]

3. Buy the rumor, sell the news. nt

[PoindexterOglethorpe]

4. And right now it's up almost five points for the day.