Dow closes down more than 600 points as China trade war escalates

[Yo_Mama_Been_Loggin]

Stocks ended sharply lower Friday after President Donald Trump ordered in a series of tweets that U.S. manufacturers find alternatives to their operations in China. Apple led the way lower.

The Dow closed down 623 points, or 2.3%. The S&P 500 and Nasdaq sank 2.6% and 3%, respectively. The losses brought the Dow’s decline for August to more than 4%.

Trump tweeted Friday: “Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.” However, it is not clear how much authority the president has on this front.

“The threats always been out there but there’s been no need to provoke that,” said Art Hogan, a chief market strategist at National Securities. “It’s almost like the administration was expecting the Fed to announce a rate cut at the Jackson hole meeting.”

https://www.msn.com/en-us/money/markets/dow-closes-down-more-than-600-points-as-china-trade-war-escalates/ar-AAGaqiF

So much winning.

[Eliot Rosewater]

1. Putin is orchestrating this and the trade war...we are not gonna survive if

unless EVERYBODY READING this GLADLY votes for ANYBODY with a D after their name

Anyone who does NOT vote for any and all Democrats is GUILTY OF DESTROYING THE HUMAN RACE

[Iwasthere]

2. I put my entire IRA in dollar backed gold a week ago

It will a long time for the markets to recover after his bonehead moves lately. I predict the downturn will continue. I have hunch he has invested everything in a short market and stand to reep tons.