U.S. stocks plunge most in 2019 on trade tension

Updated at 4:42 p.m.

MORE THAN $700 BILLION were wiped from the value of U.S. equities on Monday, following China's escalation of the trade war with the U.S. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
MORE THAN $700 BILLION were wiped from the value of U.S. equities on Monday, following China's escalation of the trade war with the U.S. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
NEW YORK – Financial markets buckled after China escalated the trade war with the U.S., sending American stocks to the biggest drop this year and sparking a rally in global bonds. Gold surged with the yen. More than $700 billion were wiped from the value of U.S. equities on Monday, with the S&P 500 Index…

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