The Dow Jones Industrial Average was seeing losses gathering steam in Thursday afternoon trade, putting the blue-chip gauge on the verge of registering its steepest single-session decline since Feb.8. Back then in early February, the Dow fell 1,033 points, or 4.2%, as inflation fears perked up. Thursday’s downtrend, which was broad based, came as investors fretted about the effect of a potential trade war between China and the U.S., and as the market digested the latest policy update from the Federal Reserve. Recent reports of the resignation of President Donald Trump’s lead attorney, handling the Russia probe, also appeared to rattle investor confidence. More broadly, the S&P 500 index was off 1.7% at 2,665, while the Nasdaq Composite Index was off 1.8% at 7,209.
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From:: Stock Market News