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Barchart
Barchart
Rich Asplund

MYSTERIOUS: Stock plunge as trade war escalates - What They Never Told You

The S&P 500 Index ($SPX) (SPY) Friday closed down -5.97%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -5.50%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -6.07%.  June E-mini S&P futures (ESM25) are down -6.38%, and June E-mini Nasdaq futures (NQM25) are down -6.60%. 

Stock indexes on Friday sold off sharply for the second session, with the S&P 500 and Nasdaq 100 dropping to 11-month lows and the Dow Jones industrials falling to a 9-month low.  Stock losses deepened on Friday after China retaliated against US tariffs by imposing a 34% tariff on all imports from the US starting April 10.

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