Dow closes more than 300 points lower on new trade jitters

Stocks ended sharply lower Monday as Wall Street braced for more actions against Chinese companies by the Trump administration.

The Dow closed 328 lower points, with Boeing and Intel among the biggest decliners. The 30-stock index also closed below its 200-day moving average, a key technical level, for the first time since June 2016.

The Dow rebounded slightly in the final hour of trading after Peter Navarro, a top trade adviser to President Donald Trump, said on CNBC that investment restrictions against China and other countries are not immediately forthcoming and that the market was overreacting.

The S&P 500 fell 1.37 percent as tech declined 2.3 percent. The Nasdaq pulled back 2.1 percent as Netflix dropped 6.5 percent to lead the FANGs lower.

https://www.msn.com/en-us/money/markets/dow-closes-more-than-300-points-lower-on-new-trade-jitters/ar-AAz7WOJ?li=BBnbfcN

You don't hear about the dotard bragging about the stock market anymore