Dow Plummets Nearly 800 Points on Recession Worries
- 5 years ago
Dow Plummets
More Than 700 Points
on Recession Worries.
On Wednesday, the
Dow Jones Industrial
Average fell by 729 points.
Fears of a recession
are thought to have
caused the slide.
Recession fears were caused
by reports that the German
economy — Europe's strongest —
contracted 0.1% in the second quarter.
China's economy — the second
largest in the world — also showed
signs of pressure on growth.
Wednesday's downturn followed
a strong Tuesday in reaction to
the announcement of delayed U.S.
tariffs on some Chinese goods.
The relief rally inspired by the Trump administration delaying tariffs on some Chinese imports was short lived, Fiona Cincotta, City Index Senior Market Analyst,
via 'USA Today'.
The Nasdaq also fell
more than 3% on Wednesday
More Than 700 Points
on Recession Worries.
On Wednesday, the
Dow Jones Industrial
Average fell by 729 points.
Fears of a recession
are thought to have
caused the slide.
Recession fears were caused
by reports that the German
economy — Europe's strongest —
contracted 0.1% in the second quarter.
China's economy — the second
largest in the world — also showed
signs of pressure on growth.
Wednesday's downturn followed
a strong Tuesday in reaction to
the announcement of delayed U.S.
tariffs on some Chinese goods.
The relief rally inspired by the Trump administration delaying tariffs on some Chinese imports was short lived, Fiona Cincotta, City Index Senior Market Analyst,
via 'USA Today'.
The Nasdaq also fell
more than 3% on Wednesday