The Dow Jones Industrial Average was seeing heavy selling Thursday afternoon, with all of its 30 components trading in negative territory, led by a sharp drop in Boeing Co. Shares of Boeing were contributing more than 100 points to the blue-chip gauge’s nearly 600-point afternoon drop. The Dow most recently was off 590 points, or 2.4%, at 24,091, the S&P 500 index was down 2.1% at 2,656, while the Nasdaq Composite Index was down 1.9% at 7,206. The slump for equities comes as investors wrestled with import tariffs announced by President Donald Trump’s administration on China and jitters around the Federal Reserve’s ability to avoid pushing the economy into recession as it normalizes monetary policy from crisis-era levels amid fiscal stimulus that risks overheating an economy that is roughly in its ninth year of expansion
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From:: Stock Market News