Dow Jones plummets 800 points as trade war fuels recession fears

By James Langford

Published August 14, 2019 3:10pm ET

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Dow Jones plummets 800 points as trade war fuels recession fears — In this Tuesday, Aug. 13, 2019, photo trader Andrew Silverman works on the floor of the New York Stock Exchange. The threat of a recession doesnât seem so remote anymore, and stocks sank Wednesday after the bond market threw up one of its last remaining warning flags on the economyâs health. | (AP Photo/Richard Drew)

The leading U.S. stock indexes tumbled Wednesday as President Trump’s delay on some new Chinese tariffs failed to soothe investors worried that the administration’s trade war will drive the country into a recession.

The blue-chip Dow Jones industrial average sank 800 points, or 3.1%, to 25,479, while the broader S&P 500 dropped 2.9% as a bond-market recession gauge signaled rising risk of a downturn. The tech-heavy Nasdaq fell 3%.

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