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06 Aug: Stock market report August 5 2019

US stock market report August 5 2019 Heavy losses for all major US stock indices due to the escalation of trade war between USA and China and uncertainty in the global financial markets. All 3 major US stock market indices closed lower more than 2.5%. This is the summary for US stock market at close on Monday August 5 2019: S&P 500: 2,844.74,-87.31(-2.98%) Dow 30: 25,717.74,-767.27(-2.90%) Nasdaq: 7,726.04,-278.03(-3.47%) Russell 2000: 1,487.41,-46.25(-3.02%) 10-Yr Bond: 1.735,-0.12(-6.469%) Vix: 24.59,+6.98(+39.64%) Stock Market Suffers Worst Day This Year As Dow Dives 3% The stock market today dived at the open and sold off through the session, as China fired the latest shot in the ongoing trade war by slashing the value of its currency, the yuan. The Dow Jones Industrial Average headed toward a test of long-term support. The Nasdaq cratered 3.5%, the S&P 500 plunged 3% and the Dow Jones Industrial Average crashed 2.9%. Small caps tracked by…