As many traders and investors know, there’s a lot of volatility in the markets these days. Associated Press reports that the Dow Jones Industrial Average took a beating this week:
The Dow Jones industrial average plunged more than 400 points, bringing its weekly decline to 1,400.
Technology companies and banks sustained some of the biggest losses. Applied Materials lost 5.9 percent and Bank of America fell 4.5 percent.
Traders are worried that an escalating trade spat between Washington and Beijing will hurt U.S. businesses, especially those that do a lot of sales overseas.