Dow slides 700 points as US stocks veer sharply lower

4Dec - by Editor - 0 - In STL.News



U.S. stocks veered sharply lower in afternoon trading Tuesday, pulling the Dow Jones Industrial Average down 700 points.

The wave of selling erased the market’s gains from a day earlier, when stocks rallied on news that the U.S. and China had agreed to a temporary truce in their trade dispute. Investors’ confidence in that truce appeared to falter Tuesday, contributing to renewed fears about a slowing global economy.

Technology companies, banks and industrial stocks accounted for much of the sell-off as traders moved assets into the relative safety of U.S.

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