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Stocks Stabilize After Trade Tensions Spark Sell-Off

A screen above the floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average, Monday, Aug. 5, 2019. (Richard Drew/AP)
A screen above the floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average, Monday, Aug. 5, 2019. (Richard Drew/AP)

Stock indexes rebounded Tuesday after escalating trade tensions between China and the U.S. sent the Dow Jones Industrial Average, the Nasdaq Composite and the S&P 500 tumbling. All three registered their worst one-day losses of the year on Monday, and all three recovered somewhat after China’s central bank signaled it would not further devalue its currency. Here & Now‘s Jeremy Hobson talks withDiane Swonk (@DianeSwonk), chief economist at Grant Thornton LLP.

This article was originally published on WBUR.org.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

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