Dow Closes More Than 700 Points Lower on Trade Fears - NBC 10 Philadelphia
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Dow Closes More Than 700 Points Lower on Trade Fears

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    Dow Closes More Than 700 Points Lower on Trade Fears
    Bryan R. Smith/AFP/Getty Images
    A file photo

    U.S. stocks fell sharply on Thursday, pressured by worries of a potential trade war and a decline in tech shares. The broader market was also pressured by a decline in bank stocks, CNBC reported.

    The Dow Jones industrial average dropped 723 points, with Caterpillar, 3M and Boeing as the biggest decliners. The 30-stock index also briefly entered correction territory for the first time since last month, falling 10 percent from its 52-week high at one point late in the day.

    The S&P 500 fell 2.5 percent, with seven of 11 sectors — including tech and financials — dropping more than 2 percent. The Nasdaq composite pulled back 2.3 percent.

    Selling intensified into the close with the Dow losing more than 250 points in the final hour of trading.

    DHS Secretary Defends Practice of Separating Families at Border

    [NATL] DHS Secretary Defends Practice of Separating Families at Border

    Homeland Security Secretary Kirstjen Nielsen defended the practice of separating families at the U.S.-Mexico border, saying that her department is merely following laws. Speaking at a White House briefing Monday, Nielsen said the issue has been growing for years, the product of loopholes that have created an open border.

    (Published Monday, June 18, 2018)