Dow Drops Nearly 400 Points After Morgan Stanley, JP Morgan Lead Bank Stock Tumble - NBC New York
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Dow Drops Nearly 400 Points After Morgan Stanley, JP Morgan Lead Bank Stock Tumble

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    Dow Drops Nearly 400 Points After Morgan Stanley, JP Morgan Lead Bank Stock Tumble
    Spencer Platt/Getty Images, File
    This April 2, 2018, file photo shows the New York Stock Exchange on Wall Street in lower Manhattan.

    U.S. stocks sank Tuesday amid political turmoil in Italy that sent the euro tumbling and ongoing difficult trade talks with China. Bank stocks led the decline, CNBC reported.

    The Dow Jones industrial average fell 391.64 points — or 1.58 percent — to finish at 24,361.45 amid losses in Goldman Sachs, Boeing, and J.P. Morgan Chase. At its lows, the index lost more than 500 points, or 2 percent. 

    The S&P 500 fell 1.16 percent to close at 2,689.86, while the Nasdaq composite fell 0.5 percent to finish at 7,396.59.


    Trump Threatens China With Tariffs in Escalating Trade War

    [NATL] Trump Threatens $100 Billion in Tariffs Against China in Escalating Trade War

    Administration officials stress this is only a proposal and so far, the tariff threats are only a war of words, but China has already made threats of their own. Chinese leaders say they are prepared to tax 50 billion dollars in American products, from soy beans to jumbo jets. 

    (Published Friday, April 6, 2018)