Stock Market Plunges on US-China Worries

Dow falls 600 points at midday
By John Johnson,  Newser Staff
Posted Dec 4, 2018 12:22 PM CST
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In this Nov. 28, 2018, file photo trader Michael Milano works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – On Monday, the stock market surged upward on the heels of the US-China announcement of a truce in the trade war. On Tuesday, the market was giving it all back and then some over uncertainty about the deal, reports MarketWatch. At midday, the Dow was down 600 points, or 2.3%, while the S&P 500 and Nasdaq suffered similar percentage losses. Trump said Tuesday morning that talks with China are underway, but he suggested that a deal is not a certainty while warning that he is a "tariff man" if the talks fall through. "I don’t think anything changed over the weekend, and that means continued volatility in the marketplace," a senior portfolio manager at Alpine Global Management tells the Wall Street Journal. (Read more stock market stories.)

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