13-05-2019 16:32 via ocregister.com

Escalating US-China trade war sinks stocks; Dow plunges 620 points

By Damian J. Troise, The Associated Press
U.S. stocks moved sharply lower Monday on Wall Street and extended the market’s slide into a second week as investors seek shelter from an escalating trade war between the U.S. and China.
The world’s largest economies had seemed on track to resolve the ongoing trade dispute that was cutting into consumers’ wallets and corporate balance sheets. Investor confidence that the two sides were close to a resolution have helped push the market
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