Dow Jones tumbles 660 points as 2018 slide stretches into New Year

By James Langford

Published January 3, 2019 4:34pm ET

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Dow Jones tumbles 660 points as 2018 slide stretches into New Year — A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Sept. 17, 2018. U.S. stocks started the week lower, while Asian equities slumped and European shares were little changed, as investors grappled with the latest American threats to expand tariffs on Chinese goods. | (Michael Nagle/Bloomberg)

Wall Street tumbled on Thursday after Apple blamed trade tensions with China, fueled partly by President Trump’s tariffs, for a gloomier sales outlook, wiping out tentative gains from the first trading day of 2019.

The blue-chip Dow Jones Industrial Average sank 2.8 percent to 22,685 in New York trading, while the broader S&P 500 dropped 2.5 percent and the tech-heavy Nasdaq slid 3 percent. All three indexes are now in the red for the new year.

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