The US-China trade war is getting scary. The Dow declined 221 points, or 0.9%, on Wednesday, rebounding a bit from steep losses earlier in the session. The index had been down by as much as 410 points and even briefly dropped below the 25,000 level. The renewed market turbulence reflects deepening concerns about the fallout from the collapse in trade talks between the Trump administration and China. "There's a growing realization that the US-China trade relationship has been badly damaged and is deteriorating," said Kristina Hooper, chief global market strategist at Invesco.

Source: CNN May 29, 2019 16:45 UTC