Breaking: Stocks, bond yields and oil prices dropped as trade tensions escalated, with U.S. crude sliding 7.9% in its biggest decline since 2015
Stocks, bond yields and oil prices dropped after President Trump said that the U.S. will impose additional tariffs on China next month, highlighting how trade worries continue to rattle investors.
The Dow Jones Industrial Average erased a rebound of more than 300 points, oil dropped 7.9%—posting its worst day since February 2015—and the yield on the benchmark 10-year U.S. Treasury note plumbed fresh 2019 lows. The blue-chip index dropped 60 points, or 0.2%, to 26800. The S&P 500 fell 0.4% and the technology-heavy Nasdaq...
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