The Dow had been up 311 points, and the S&P 500 was on pace for its best day in six weeks
New York When President Donald Trump announced a new round of tariffs on Chinese imports on Thursday, the Dow was up 311 points. Then it was down nearly 300 points.
That was the biggest swing since early January.Things had been going well for investors; stocks had bounced back from the day before. The S&P 500 was on pace for its best day in six weeks, after a poor manufacturing report gave investors hope that the Fed will once again cut rates later this year.
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