The DOW closed at 25,896 today falling 391 points and slipping once again below 26,000. Last Friday and today have seen the market trend towards a sell off pattern wiping out any gains of recovery the rest of last week had.
US stocks suffered their worst day on Aug 5 after China devalued its currency in response to Trump adding a new round of tariffs to Chinese goods. Since then, the market has continued in a sell off pattern for most of August and sparked concerns about the state of the economy.
The administration claims it continues trade negotiation conversations with China but also stated it’s in no hurry to cut a deal.