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Markets Right Now: Dow plunges 800 as trade war flares : Markets Right Now: Dow plunges 800 as trade war flares

Aug 05, 2019 - The Canadian Press

NEW YORK - The latest on developments in financial markets (all times local):

2:30 p.m.

Stocks are plunging on Wall Street after China let its currency sink to the lowest level in more than a decade, escalating its trade war with the U.S.

The Dow Jones Industrial Average sank 800 points Monday, or 3%, its worst drop of the year.

Technology companies and banks fell the most. Apple and Bank of America each fell 5%.

Bond prices soared, sending yields sharply lower, as ...