Dow Falls 750 Points, S&P 500 Hits Correction

Stocks fell on the first trading day of the month as Amazon put pressure on the broader tech sector and brokers worried over the possibility of a trade war between the U.S. and China, CNBC reported.The Dow Jones industrial average was trading as much as 750 points lower in the early afternoon, with the broader S&P 500 down 3.1 percent to enter correction territory. A correction is a drop of 10 percent or more from a market’s recent peak. Teen Who Fell Into LA Park Sewer Pipe Found Alive Amazon stock was down 5.4 percent, falling after the company drew the ire of President Donald Trump in tweets, most recently on Monday.China announced overnight that it was slapping tariffs on 128 types of U.S. imports. Cellphones Gaining Acceptance Inside US Schools: Survey Photo Credit: AP
Source: NBC San Diego