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HomeMarket NewsUS Stock Market LIVE Updates: Dow drops 500 points as US-China trade tensions escalate once again
US Stock Market LIVE Updates: Stocks fell Tuesday (October 14), resuming the selling seen late last week, as trade worries were reignited overnight by China. The Dow Jones Industrial Average lost 504 points, or 1.1%. The S&P 500 lost 1.3%, while the Nasdaq Composite shed nearly 2%. The selling was led by the AI shares that have driven the bull market, but also were the biggest losers during Friday’s rout. Nvidia lost more than 3%. Tesla and Oracle lost 2.5% and 1.4%, respectively.
US Stock Market LIVE Updates: Stocks fell Tuesday (October 14), resuming the selling seen late last week, as trade worries were reignited overnight by China. The Dow Jones Industrial Average lost 504 points, or 1.1%. The S&P 500 lost 1.3%, while the Nasdaq Composite shed nearly 2%. The selling was led by the AI shares that have driven the bull market, but also were the biggest losers during Friday’s rout. Nvidia lost more than 3%. Tesla and Oracle lost 2.5% and 1.4%, respectively. China imposed sanctions on five of South Korea’s Hanwha Ocean’s U.S. subsidiaries. This will forbid organisations and individuals in China from doing business with the affected companies. The move, the Chinese government said, aims at strengthening China’s security.
Watch this space for all the Live updates.
