Wall Street, dollar tumble as investors retreat further from United States
New York, Apr 21 (AP) US stocks are tumbling as worries about President Donald Trump’s trade war and his criticism of the Federal Reserve cause investors to pull further from the United States.
The S&P 500 fell 2.6 per cent Monday and was 16 per cent below its record set two months ago. The Dow Jones Industrial Average dropped 1,000 points, and the Nasdaq composite sank 2.9 per cent. Big Tech stocks led the way lower ahead of earnings reports coming this week from Tesla and others. Perhaps more worryingly, the value of the US dollar also sank as a retreat continues from US markets. The yield on the 10-year Treasury briefly topped 4.40 per cent before regressing. (AP) GSP