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Tuesday, August 13, 2019

Wall Street falls on geopolitical tensions, recession fears


The Dow Jones Industrial Average fell 391 points, or 1.49%, to 25,896.44, the S&P 500 lost 35.96 points, or 1.23%, to 2,882.69 and the Nasdaq Composite dropped 95.73 points, or 1.2%, to 7,863.41.

US stocks dropped in a broad sell-off on Monday as simmering geopolitical tensions spooked equity investors and drove a bond market rally while the protracted US-China trade war stoked fears of impending recession.

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