The Dow fell nearly 800 points on Monday after China announced new regulations that could threaten U.S. tech firms.
Bebeto Matthews/AP
The Dow Jones Industrial Average fell nearly 800 points on Monday after China announced regulations that could threaten U.S. tech companies, which have been leading the stock market to new records. Continued economic uncertainty because of the pandemic and scrutiny of big banks also weighed down the stock market.
The Dow dove 2.7% and the broader S&P 500 index fell about 2% in midday trading. The Nasdaq composite index was down more than 1%. Over the weekend, China announced rules for a new regulatory body that could blacklist foreign companies that unfairly treat Chinese companies or pose a threat to Chinese national security, NPR's Emily Feng reported.
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