Goldman, 3M’s stock exact 80-point toll as Dow tumbles 300 points in afternoon trade

The Dow Jones Industrial Average turned sharply lower on Friday, adding to its rout on Thursday, as shares of Goldman Sachs Group Inc. , and 3M Co. picked up momentum. Those Dow components were contributing nearly 90 points to the price-weighted gauge’s tumble. The average was most recently off 300 points, or 1.3%, at 23,662, with selling intensifying with less than an hour remaining in regular trade. The S&P 500 index was down 1.6% at 2,602, while the Nasdaq Composite Index gave up 1.8% at 7,043, to fall below firmly below its 100-day moving average around 7,082, a bearish sign for the technology-laden equity gauge. Wall Street investors have been fretting over the potential for a trade war between China and the U.S.

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From:: Stock Market News

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