Stocks Tumble Over Trump-China Trade Battle [VIDEO]

CBNC reports:

Stocks fell sharply on Tuesday after President Donald Trump’s latest threat to China increased fears of an impending trade war between the world’s largest economies.

The Dow Jones industrial average fell 324 points at the open, with Boeing and Caterpillar as the worst-performing stocks in the index. The 30-stock index also erased all of its gains for the year.

The S&P 500 dropped 0.8 percent, with materials, industrials, energy and tech all falling more than 1 percent. The Nasdaq composite dropped nearly 1 percent.

Dow tumbles more than 300 points, wiping out gain for year, as Trump threatens China with more tariffshttps://t.co/pf8I0M9hhm pic.twitter.com/PcUUsyQOnF

— CNBC Now (@CNBCnow) June 19, 2018

UPDATE: Dow tumbles 330 points, or 1.3 percent, at market open as China-U.S. trade dispute intensifies pic.twitter.com/QVLSTVj9r7

— Reuters Business (@ReutersBiz) June 19, 2018

The stock market is reacting on fears of a full-out trade war with the world’s two great economies, the United States and China: https://t.co/3TQbCEUYEP pic.twitter.com/P4E8Q4iNcw

— CBS News (@CBSNews) June 19, 2018