Dow dives more than 500 points as trade worries multiply
Source: CBS News
Stocks slumped on Wednesday on growing investor fears about an escalating trade war between the U.S. and China and the collateral damage to companies and markets around the world.
The Dow fell 536 points, or 2.3%, to 25,482, early in the session before erasing much of those losses in the afternoon. The blue-chip index was down 100 points, or 0.4%, as of 1:43 p.m. Eastern time. The S&P 500 and Nasdaq fell slightly. Bond yields, which move in the opposite direction of their prices, also declined in a sign investors are seeking to protect themselves amid significant volatility on Wall Street.
Markets have swung wildly this week after Washington and Beijing raised the stakes in their trade war. China allowed its currency to weaken after President Donald Trump said the U.S. would raise more tariffs on Chinese goods.
"Whereas a few weeks ago it seemed like a detente was likely between the two countries, at least until after next year's U.S. election, the recent round of threats of tariffs and responses suggests to us that both sides are so dug in that neither can be seen as giving into the other," Brian Gardner, an equity analyst with Keefe Bruyette & Woods, said in a report.
Read more: https://www.cbsnews.com/news/stock-market-today-dow-dives-more-than-500-points-as-trade-worries-multiply-2019-08-07/
= new reply since forum marked as read
It's simply an arbitrariness we accept as somehow less arbitrary. 
