TARIFF MAN: Stock Market Plunges Another 500 Points

MarketWatch reports:

Stocks ended the week on a down note Friday, falling sharply on worries about global growth after weaker-than-expected Chinese data. The Dow Jones Industrial Average DJIA, -2.02% fell around 496 points, or 2%, to finish near 24,101, according to preliminary figures.

The close put the Dow back into correction territory, defined as a pullback of at least 10% from a recent peak. The S&P 500 SPX, -1.91% dropped 1.9% to end near 2,600, an important psychological support level, while the Nasdaq Composite COMP, -2.26% shed 2.3% to end near 6,910. The S&P and Dow both saw a weekly decline of 2%, while the Nasdaq fell 2.3%.

China just announced that their economy is growing much slower than anticipated because of our Trade War with them. They have just suspended U.S. Tariff Hikes. U.S. is doing very well. China wants to make a big and very comprehensive deal. It could happen, and rather soon!

— Donald J. Trump (@realDonaldTrump) December 14, 2018