8/23/2019, 9:32 PM (Source: TeleTrader)
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Dow dips 600 pts amid escalating trade war

Unites States equities continued to slide on Friday as investors grew increasingly wary about the latest escalation of trade dispute between the US and China. Earlier, Beijing announced it would impose levies on $75 billion of American goods, prompting President Donald Trump to order domestic companies to immediately look for alternatives to China.

The Dow Jones Industrial Average slid 614 points, or 2.34% at 3:38 pm ET, as Apple led the losses diving 4.28%, while the Nasdaq 100 dipped 3.03% at the same time with Hasbro dragging the index down 9.06%. The S&P 500 lost 2.49% at 3:39 pm ET with Hasbro as the biggest loser as well.

The euro gained 0.61% against the dollar, going for 1.11490 at 3:39 pm ET.

Breaking the News / GG