Dow industrials close down more than 600 points as trade tensions between the world’s two biggest economies ratcheted higher
U.S. stocks slid Monday, heading for one of their worst days of the year, after officials in Beijing and the White House exchanged fresh threats in a trade fight that many fear could crimp growth.
The Dow Jones Industrial Average fell 617 points, or 2.9%, to 25325, its biggest one-day loss since January. The S&P 500 dropped 2.4% and the Nasdaq Composite was hit the hardest, shedding 3.4% in its sharpest decline since Dec. 4.
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Southern Texas has seen nearly 600% more rainfall than it typically does in early May20 million people in the South are under a flash flood watch today. While floodwaters in Texas, Louisiana and Mississippi have receded since yesterday, more rain is on the way. edlavaCNN reports.
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