Escalating US-China trade war sends stocks plunging
https://apnews.com/b124fea93b964c25b01e9cfea065d807
NEW YORK (AP) — U.S. stocks moved sharply lower Monday on Wall Street and extended the market's slide into a second week as investors seek shelter from an escalating trade war between the U.S. and China.
The Dow Jones Industrial Average and S&P 500 index each fell more than 2% as investors sold trade-sensitive shares. Chipmakers led the big declines in technology while heavy equipment makers Deere and Caterpillar drove losses in the industrial sector.