Dow Continues Its Plunge as Markets Reopen

Worries over China, including a new arrest, weigh on investors
By Newser Editors,  Newser Staff
Posted Dec 6, 2018 8:49 AM CST
Shrink
In this Nov. 28 photo, trader Jonathan Corpina works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Markets had the day off Wednesday following Tuesday's brutal selloff, and things are picking up where they left off. The Dow fell more than 400 points, or 1.7%, at Thursday's open, and the S&P 500 and Nasdaq fell by similar percentages, reports the Wall Street Journal. Markets in Europe and Asia plunged earlier. Continued worries about US-China tensions—exacerbated by news of the arrest of a Chinese tech exec in Canada at the US' request—were largely blamed for the market turmoil, per MarketWatch. Falling oil prices also weighed on investors. “Everything feels out of control right now,” an equity sales trader at RW Baird & Co. tells the Journal. "Clients are starting to get more jittery." (Read more stock market stories.)

My Take on This Story
Show results without voting  |  
29%
12%
20%
8%
24%
8%