(Sylvan Lane – The Hill)
U.S. stocks took heavy losses Thursday spurred by falling technology shares and President Trump’s planned announcement of tariffs on China.
The Dow Jones industrial average fell as much as 1,200 points before noon Thursday, a 2 percent drop. The Nasdaq fell roughy 1.9 percent, while the Standard and Poor’s 500 index slid 1.7 percent.
Wall Street has been rattled by a series of political shocks that investors fear could roil the world economy. Trump is expected to announce Thursday between $30 billion and $50 billion in new tariffs on China meant to curb intellectual property theft from U.S. businesses. Click here to read more.