“President Trump is learning a basic and painful lesson of Wall Street: Stocks also go down,” Politico reports.
“A global market sell-off accelerated Monday with the Dow Jones Industrial Average plunging nearly 1,600 points at one point in roller-coaster afternoon trading. After a volatile session, the Dow ended down 1,175 points, or 4.6%, at 24,346. It was the largest ever single-day point drop for the Dow and it rattled both Wall Street and Washington, abruptly ending a remarkable period of placid markets where it often seemed the only direction was up.”
Financial Times: “A rout swept through European and Asian stock markets in the wake of the biggest sell-off on Wall Street in six years as a sudden burst of turmoil shattered the long period of calm.”
