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Hovnanian Enterprises Inc

Dow Jones

Dow Jones Industrial Average Plunges Another 400 Points as Trade Fears Shatter Investor Confidence

The Dow Jones Industrial Average continued to sell off during Thursday's premarket trading, plummeting 407 points before market open.

This morning's losses followed on the heels of the Dow's 799 point loss during Tuesday's trading session. Markets were closed on Wednesday in honor of late President George H.W. Bush.

Global indexes fell sharply overnight following reports that Huawei CFO Meng Wanzhous was arrested by Canadian officials yesterday.

Huawei, one of China largest semiconductor companies, is accused of violating U.S. sanctions against Iran.