U.S. Market Tumbles Again

“U.S. stocks tumbled about 4 percent in early afternoon trading on Thursday as investors assessed the worsening trade war with China, and President Trump clarified that he had raised tariffs on Chinese goods by a total of 145 percent since taking office,” the New York Times reports.

“There were other alarming signs on Thursday: In the government bond market, U.S. Treasuries started to sell off again, with the yield on 10-year Treasuries climbing to 4.37 percent, the highest since February.”