The Dow dropped 724 factors Thursday after Trump signed an govt memorandum that may impose tariffs on as much as $60 billion in Chinese language imports. It fell one other 425 factors Friday.
From its excessive on Jan. 26 at 26,616.71, the benchmark index has declined greater than three,000 factors or 11.6 % via Friday’s shut at 23,533.2.
Trump nonetheless has an enormous cushion. The Dow closed at 19,827.25 on Inauguration Day, Jan. 20, 2017, which suggests it has about three,700 factors to go earlier than the Trump rally beneficial properties disappear.