NEW YORK (AP) — U.S. stocks are tumbling Monday as worries about President Donald Trump’s trade war and his criticism of the Federal Reserve cause investors to pull further from the United States.
The S&P 500 was 2.8% lower in another wipeout, and the index at the center of many 401(k) accounts is more than 16% below its record set two months ago.
The Dow Jones Industrial Average was down 1,062 points, or 2.7%, as of 11:45 a.m. Eastern time. Tesla and other Big Tech stocks had some of the sharpest losses, which dragged the Nasdaq composite down a market-leading 3.2%.
Perhaps more worryingly, the value of the
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