- Stocks got smoked Friday as fears of a trade war spiked.
- The Dow fell more than 600 points around 2 p.m. Eastern.
- You can track the Dow Jones industrial average in real-time here.
The Dow Jones industrial average fell by as many as 600 points Friday as fears of a global trade war are mounting amid retaliatory tariffs from China, escalated rhetoric from President Donald Trump, and a jobs report that failed to meet Wall Street expectations.
Trump said Thursday night that “in light of China’s unfair retaliation,” he had “instructed the USTR to consider whether $US100 billion of additional tariffs would be appropriate under section 301 and, if so, to identify the products under which to impose such tariffs.”
The yield for 10-year US Treasury bonds fell five basis points to 2.78%, while West Texas benchmark crude oil slid 2.4% to $US62 per barrel.
This story is developing and will be updated…