Wall Street and the dollar tumble as investors retreat further from the United States


Source: baytoday.ca baytoday.ca

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NEW YORK (AP) — U.S. 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% Monday and was 16% below its record set two months ago. The Dow Jones Industrial Average dropped 1,000 points, and the Nasdaq composite sank 2.9%. 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 U.S. dollar also sank as a retreat continues from U.S. markets. The yield...