*By Kristen Lee*
U.S. stocks accelerated losses at the end of the day Wednesday, with the Dow dropping 600 points and the Nasdaq on pace for its biggest monthly drop in a decade.
The Dow Jones Industrial Average closed the day down 608 points, the S&P lost more than 3 percent, and the tech-heavy Nasdaq lost nearly 4.5 percent.
The sell-off was driven in part by a Commerce Department report that home sales plunged 5.5 percent in September, which rattled investors who expected only a slight decline.
Tech stocks especially weighed on markets. Netflix ($NFLX) and chipmaker Nvidia ($NVDA) were both down nearly 10 percent, Facebook ($FB), down nearly 6 percent, and Google parent Alphabet ($GOOGL), down more than 5 percent.
StockstoTrade.com Technical Trainer, Tim Bohen, discusses why he thinks Trump is doing what he is doing and how it will affect the market going forward.
Jacob Sonenshine, Stock Pick Writer at Barron's, unpacks the current state of the markets, Trump's tariffs and if more volatility is on the way. Watch!
RedFin's Chen Zhao joins Cheddar to breakdown the current state of the housing market in the United States and what prospective homebuyers need to know. Watch!
That's what his former Commerce secretary says in this interview. Plus: IRS audits, TV news ratings, nasty insults, Minecraft, Prada, and the Panama Canal.
