The Dow Jones Industrial Average dropped close to 400 points Monday afternoon over concerns that the U.S.-China trade war might be worsening and as 10-year Treasury yields continued to tumble, led lower by financial stocks.
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Investors are worried President Trump’s impending Sept. 1 tariff hike on more Chinese imports will scuttle talks aimed at ending their trade war.
Those fears are being somewhat offset by hopes global central banks will keep interest rates low to shore up economic growth.
Goldman Sachs said over the weekend that fears of the U.S.-China trade war leading to a