Tech stocks tumble as China retaliates in latest salvo of the trade war
https://techcrunch.com/2019/05/13/tech-stocks-tumble-as-china-retaliates-in-latest-salvo-of-the-trade-war/
Shares of technology companies were hit hard as China retaliated against the U.S. in the latest salvo of the ongoing trade war between the two countries.
The S&P 500 Index shed roughly $1.1 trillion of value while the Dow Jones Industrial Average and the Nasdaq Composite Index fell 2.38 percent and 3.41percent, respectively.