US equity markets finished in the red after another volatile trading session that saw the Dow Jones Industrial Average trade in a more than >900-point range - Dow down -245-points or -0.99%, paring an earlier -566-point decline that saw the index slide into correction territory briefly for the second time this year. The index rose +352-points at its peak. Boeing Co fell -6.59% and alone contributed 169 points of the Dow's fall. The broader S&P500 fell -0.66% to settle in official correction territory, down more than >10% from its record high reached in September. The index had climbed over >1% earlier in the session. The NASDAQ -1.63%. with Amazon.com Inc tumbling a further -6.33%. Market losses accelerated late in the session after a Bloomberg report surfaced indicating that President Trump’s administration was prepared to impose tariffs on all remaining Chinaese imports. The proposed move would see over >US$500B in Chinese imports hit with tariffs of some form.
