Wall Street Slides as Anxiety Over Trade War Is Heightened

Banks and technology companies drove a broad slide in stocks on Wall Street on Monday afternoon, knocking the Dow Jones industrial average down more than 300 points. The sell-off added to losses the market racked up last week amid heightened anxiety over the continuing trade war between the United States and China. The week of wild swings was fueled by investors’ worries that the fallout from the costly trade conflict would hurt corporate profits and hamper an already slowing global economy. Market will continue to move sideways.

TECHNICAL CHARTS AND OUR APPROACH TODAY.

KEY POINTS

  • Always draw up your trading plan
  • Establish clear SL & TP
  • Know your Risk & Reward
  • Be aware of critical news tonight – US releases the CPI data.

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