Markets Right Now: Dow plunges 800 as trade war flares : Markets Right Now: Dow plunges 800 as trade war flares
NEW YORK - The latest on developments in financial markets (all times local):
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 ...