Dow Closes More Than 700 Points Lower on Trade Fears - NBC4 Washington
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Dow Closes More Than 700 Points Lower on Trade Fears

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    Dow Closes More Than 700 Points Lower on Trade Fears
    Bryan R. Smith/AFP/Getty Images
    A file photo

    U.S. stocks fell sharply on Thursday, pressured by worries of a potential trade war and a decline in tech shares. The broader market was also pressured by a decline in bank stocks, CNBC reported.

    The Dow Jones industrial average dropped 723 points, with Caterpillar, 3M and Boeing as the biggest decliners. The 30-stock index also briefly entered correction territory for the first time since last month, falling 10 percent from its 52-week high at one point late in the day.

    The S&P 500 fell 2.5 percent, with seven of 11 sectors — including tech and financials — dropping more than 2 percent. The Nasdaq composite pulled back 2.3 percent.

    Selling intensified into the close with the Dow losing more than 250 points in the final hour of trading.

    Hundreds March on New Tent City in Tornillo, Texas

    [NATL] Hundreds March on New Tent City in Tornillo, Texas

    Democratic Rep. Beto O'Rourke led protestors in a Father's Day march to the new "tent city" in Tornillo, Texas, that will house migrant children separated from their parents upon arrival in the United States.

     

     

    (Published Sunday, June 17, 2018)