Dow Drops 799 Points, As Topsy-Turvy Interest Rates Boost Recession Fears
The bond market is worried the trade war, slowing global growth and a drop in oil prices are signs the economy is slowing and may be heading for a recession. Nervousness spilled over into stocks too.
by Jim Zarroli
Dec 04, 2018
2 minutes
Updated at 4:35 p.m. ET
Stock prices tumbled Tuesday amid investor fears about trade, wiping out the gains that followed the Trump administration's decision to delay higher tariffs on imports from China.
The Dow Jones Industrial Average dropped 799 points, losing 3.1 percent of its value, while the S&P 500 index
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