4:49
- ABC News
- August 5, 2019
Trade war fears see Dow close down 700+ points
Stocks fell sharply Monday as the trade war with China intensified.
\"China dropped the price of their currency to an almost a historic low. It’s called 'currency manipulation,'\" Trump tweeted. \"Are you listening Federal Reserve? This is a major violation which will greatly weaken China over time!\"
The Dow lost 767 points, about or 2.9%. The S&P 500 fell nearly 3% and the tech-heavy Nasdaq declined about 3.5%.
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