By CCN: Minutes after opening, the Dow Jones plummeted by around 1.17 percent as U.S. President Donald Trump announced additional tariffs at 25 percent on $200 billion worth of Chinese goods, leading to a global stock market sell-off. Remarkably, though the Dow Jones saw a recovery of as much as 550 points, swinging the index from 24,569.89 to an intraday peak at 26,019.32. Here’s what triggered that astonishing rally. Dow Swings Higher in Volatile Afternoon Session The swift reversal has been primarily attributed to Treasury Secretary Steven Mnuchin’s assertion that negotiations between Chinese Vice Premier Liu He and U.S. Trade
The post Dow Swings 550 Points – Here’s What Triggered the Astonishing Recovery appeared first on CCN
source https://www.ccn.com/dow-swings-550-points-heres-what-triggered-the-astonishing-recovery
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