Dow drops more than 250 points, continuing this month's slide on trade war fears [CNBC]
IHS Markit Ltd. Common Shares (INFO)
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Source: CNBC
Dow drops more than 250 points, continuing this month's slide on trade war fears Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy. The Dow Jones Industrial Average S&P 500 Nasdaq Composite The Dow is now down more than 380 points in two days as Wall Street begins to realize the trade war may last a lot longer than previously expected. Bond yields and crude oil also plunged on Thursday as the rising risk spread through other markets. The 10-year yield fell to its lowest since October 2017. The S&P 500 is down more than 4% so far in May along with the Dow. "The trade landscape looks bleaker than ever," said Adam Crisafulli, executive director at J.P. Morgan, in a note. "Anyone bullish on the SPX has to be conducting a lot of soul searching at the moment." Crisafulli also pointed out that data from around the world is indicating an economic rebound from earlier this year is "showing signs of attenuating" while the Federal Reser
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