Dow Closes More Than 700 Points Lower on Trade Fears - NBC 5 Dallas-Fort Worth
National & International News
The day’s top national and international news

Dow Closes More Than 700 Points Lower on Trade Fears

    processing...

    NEWSLETTERS

    Dow Closes More Than 700 Points Lower on Trade Fears
    Bryan R. Smith/AFP/Getty Images
    A file photo

    U.S. stocks fell sharply on Thursday, pressured by worries of a potential trade war and a decline in tech shares. The broader market was also pressured by a decline in bank stocks, CNBC reported.

    The Dow Jones industrial average dropped 723 points, with Caterpillar, 3M and Boeing as the biggest decliners. The 30-stock index also briefly entered correction territory for the first time since last month, falling 10 percent from its 52-week high at one point late in the day.

    The S&P 500 fell 2.5 percent, with seven of 11 sectors — including tech and financials — dropping more than 2 percent. The Nasdaq composite pulled back 2.3 percent.

    Selling intensified into the close with the Dow losing more than 250 points in the final hour of trading.

    Colorado Man Charged With Five Counts of Murder in Deaths of Wife and Daughters

    [NATL] Colorado Man Charged With Five Counts of Murder in Deaths of Wife and Daughters

    Christopher Lee Watts was charged with five counts of murder Monday for the deaths of his wife Shanann Watts and their two daughters Bella and Celeste. Watts had initially pleaded publicly that his wife and daughters had gone missing. Their bodies were discovered on the property of the oil and natural gas company Watts worked for. The D.A. said that it's "too early" to discuss whether prosecutors would seek the death penalty.

    (Published Monday, Aug. 20, 2018)