Dow Nosedives as Investors Brace for Market's Worst Month of the Year – CCN Markets, Crypto Coins News

The Dow stumbled into the first trading session of September after the United States and China failed to strike another tariff truce that would have prevented new import duties from going into effect.

As the trade war continues to escalate, the Dow now enters what has historically proven to be its worst month of the year.

Dow Stumbles Into September’s Opening Session

Wall Street’s three most closely-watched indices all took substantial losses at the opening bell. TheDow Jones Industrial Averageplunged 242. (points or 0.) % to 26, 160. 85.

Boeing, the Dow’s largest component, dropped 3. (%.)

The (S&P) slid 21. 15 points or 0. 72% to 2, 905. 31. Ten of 11 primary sectors reported declines, with utilities clinging to tepid gains of 0. 05%.

TheNasdaqlost 59 points or 0. 74%, reducing the tech-heavy index to 7, 903. 88.

September Brings Further Trade War Escalation

Stocks rallied to close out August, trading higher because President Trump seemed to have adopted a softer stance on China in response to market pressure.

However, the White House followed through on its controversial plan to increase import duties on September 1, even after Beijin g reportedly proposed that the two economic superpowers delay those tariff hikes.

And that’s not the only indication that trade negotiations aren’t approaching a peaceful resolution.

…. And then, think what happens to China when I win. Deal would get MUCH TOUGHER! In the meantime, China’s Supply Chain will crumble and businesses, jobs and money will be gone!

– Donald J. Trump (@realDonaldTrump)************ (September 3, 2019

While most of the US was enjoying the Labor Day holiday, Beijingfiled a complaintagainst the White House at the World Trade Organization. China’s Commerce Ministry alleges that the Trump administration violated an agreement Trump made with Chinese President Xi Jinping at the recent G –

According toBloomberg, US and Chinese officials can’t even agree on the “basic terms” of their planned meeting this month, which is supposed to take place in Washington.

Dow Braces for Worst Month of the Year

100 – Year Stock Market Trend Spells Trouble for the Dowhttps://t.co/tvOJl6Mr3w

– CCN Markets (@CCNMarkets)September 1, 2019

This , coupled withnum erous recession indicators, places the Dow on shaky footing heading into September.

September isn’t just the worst month of the year for stocks – it’s also the only month when the Dow hasaveraged declinesover the past century.

During the last 20 years, the DJIA has declined in September 55% of the time, for an average pullback of 1. 18%.

(Click) herefor a real-time Dow Jones Industrial Average chart.