The stock market on Monday touched an intraday low, with the Dow sinking over 700 points amid escalating U.S.-China trade aggressions that have roiled investors on Wall street. Most recently, the Dow was off 705 points, or 2.7%, at 25,240, marking a fresh low for the blue-chip index and dragging the benchmark further between its closely watched 200-day moving average. The S&P 500 index , meanwhile, declined 2.7% at 2,803, threatening to skid below a psychological round-number level at 2,800, while the Nasdaq Composite Index was down 3.5% at 7,640.
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