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Crumbling Dow Terrifies Wall Street, But China’s Yuan Suffers Collateral Damage

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By CCN: The Dow and broader U.S. stock market crashed on Monday after China announced retaliatory tariffs on another $60 billion worth of American-made goods, escalating a brutal trade war that has taken the global financial system by storm. Dow Collapses; S&P 500, Nasdaq Follow All of Wall Street’s major indexes were on track for their worst drop of 2019, mirroring a brutal collapse for Dow futures in pre-market trading. The Dow Jones Industrial Average fell 617.38 points, or 2.4%, to 25,324.99. The blue-chip index was off more than 700 points earlier in the day. The broad S&P 500 Index

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* First published on ccn.com

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