Overview

• The Dow fell 878.82 points to 45,479.60 and the Nasdaq lost 820.20 to 22,204.43, capping a fifth straight decline.
• Selling was broad across sectors, with reports describing an almost across-the-board drop as investor caution intensified.
• President Donald Trump said on social media he is considering sharply raising tariffs on Chinese goods after criticizing Beijing’s tightened rare-earth export rules announced on Oct. 9.
• Trump also signaled there may be no reason to hold a planned meeting with China’s Xi Jinping at the APEC summit in South Korea later this month.
• The shock rippled into regional markets, with Nikkei futures sliding to 45,200 and the yen strengthening to around ¥151 per dollar in early trading.