Dow Plunges 600 Points As Trade War Slows Manufacturing

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Wall Street took heavy losses on Wednesday, with all three major indices declining by 2 percent as disappointing employment data and a contraction in manufacturing activity fueled fears of an impending recession.


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The Dow Jones Industrial Average dropped by as much as 598 points, or 2.24 percent, on Wednesday, wiping out all gains for the third quarter. The S&P 500 suffered a similar fate, falling 2.07 percent and erasing any yield for the last quarter. The tech-heavy Nasdaq lost 2 percent as Amazon, Apple, and Microsoft fell.

President Donald Trump blamed the Democrats for the market sell-off, tweeting that “impeachment nonsense” was driving down “the Stock Market, and your 401K’s.”

Read more at nbcnews.com

 

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Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!