section_path: Effects/United States/Stock market
section_name: Stock market
paragraph_text: Stock market
  
  Investor uncertainty due to the trade war caused turbulence in the stock market.
  
  The Dow Jones Industrial Average fell 724 points, or 2.9%, after the tariffs were announced due to concerns over a trade war. Corporations that traded with China, such as Caterpillar Inc. and Boeing, suffered large losses in their stock price.
  
  On December 4, 2018, the Dow Jones Industrial Average logged its worst day in nearly a month as it declined nearly 600 points, to which some argue is in part due to the trade war.
  
  On August 23, 2019, the Dow dropped 623 points on the day that Trump informally ordered American companies to immediately seek alternatives to doing business in China. By the end of 2019, stock markets reached record highs, having risen due to the agreement between the United States and China to sign the first phase of a trade deal.