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Dow drops 450 points after Trump orders US companies to look for 'alternative to China'


Friday, 23 August 2019 23:35 WIB

Standard & Poor's 500Saham AS


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Stocks fell to their lows of the day on Friday after President Donald Trump ordered in a series tweets that U.S. companies find alternatives to their operations in China. Apple led the way lower.

The Dow Jones Industrial Average traded 460 points lower, or 1.8%. The S&P 500 and Nasdaq Composite slid 1.9% and 2.2%, respectively.

Trump tweeted on Friday: “Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing..your companies HOME and making your products in the USA.”

Source: CNBC


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