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…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -