Dow closes 600 points lower as Apple leads tech plunge
The Dow Jones Industrial Average fell 602 points Monday after a big decline in Apple, a rise in the U.S. dollar and lingering worries about global trade weighed on investor sentiment.
Monday’s losses bring the Dow’s decline over the past two sessions to 800 points. The tech-heavy Nasdaq pulled back 2.8 percent and fell back into the correction territory it first entered during the October market rout.
The S&P 500 dropped 2 percent as financials tanked, led by Goldman Sachs.
In late afternoon trading, the major indexes hit their lows of the day after Bloomberg News reported the White House was circulating a draft report on auto tariffs. Shares of General Motors turned negative and closed just below the flatline.
https://www.msn.com/en-us/money/markets/dow-closes-600-points-lower-as-apple-leads-tech-plunge/ar-BBPBWtH
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