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The Dow took quite a tumble Friday and this has prompted Betonline to offer a prop bet on what happens first: The Dow hits $30K or it hits $20K.
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Markets are closing sharply lower after the latest escalation of the U.S.-China trade dispute. The Dow Jones industrials sank 623 points, or 2.4%.
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— Dave Mason (@DaveMasonBOL) August 23, 2019
Dow drops more than 600 pts today
What happens first?
Hits 30K
Hits 20K
President Donald Trump on Friday ordered US companies to stop conducting busienss with China after Beijing announced tariffs on $75 billion of US goods.
Bond prices soared, sending yields lower. The yield on the 10 year Treasury fell to 1.52%.
Technology companies, which have much to lose in the trade battle, fell the most. Apple dropped 4.6%.
- Aaron Goldstein, Gambling911.com
