Bet What Happens First? Dow Hits $30K? Dow Hits $20K?

Written by :

Aaron Goldstein

Published on :

23 August, 2019

Bet What Happens First? Dow Hits $30K? Dow Hits $20K?

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%.

:(

Dow drops more than 600 pts today

What happens first?

Hits 30K

Hits 20K
— Dave Mason (@DaveMasonBOL) August 23, 2019

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%.