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Salon
Salon
Politics
Quinn Sental

EXPLAINED: Stocks slump as trade war grows | Vintage Vibes

Between an escalating trade war, a slowed labor market and President Trump’s declining to rule out an imminent recession, the stock market has seen better days.

The S&P 500, which tracks the performance of the United States’s top 500 companies, experienced its worst day of the year on Monday, CBS News reported — plummeting by 3.3%, or 187 points. The Dow wasn't faring much better, plunging by 1,100 points on Monday afternoon before evening out to a net loss of 2.1%.

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