US stocks tumbled and fell, and the three major stock indexes fell about 3% across the board. At the close: the Dow Jones Industrial Average fell 767 points, or 2.90%, to 25,771.74; the S&P 500 fell 87.31 points, down 2.98% to 2,844.74; the Nasdaq Composite Index fell 3.47%, or 278.03 points to 7726.04.

The Dow fell 767 points, and the US stock hit a one-day biggest drop in the year.

In August, the Chinese and US negotiators returned to the negotiating table, and the economic and trade relations between the two countries seem to have improved. At this time, the United States suddenly tore the face and threatened to increase taxes. This move has caused China's strong dissatisfaction: "All consequences are the responsibility of the United States."

On the morning of August 5, the RMB exchange rate against the US dollar suddenly "broken 7".

At 0:28 am today, according to Xinhua News Agency, due to the US announced that it plans to impose a 10% tariff on US$300 billion in Chinese exports to the United States, it is a serious violation of the consensus of the heads of state of the two countries in Osaka, the State Council Tariff Commission on August 3. In the future, the newly-purchased US agricultural products procurement will not rule out import tariffs, and Chinese related companies have suspended purchasing US agricultural products.

At the same time, the three major stock indexes of the US stock market were all bloody, all hitting the biggest drop in a single day this year. Among them, the Dow Jones Industrial Average fell nearly 800 points, and 30 heavyweights all floated green.

At the close, the Dow Jones Industrial Average closed down 767.27 points, down 2.90% to 25,917.74 points; the S&P 500 index fell 87.31 points, down 2.98% to 2844.74 points; the Nasdaq Composite Index fell 278.03 points, down 3.47%. 7726.04 points.

It is worth mentioning that the Nasdaq index fell for the sixth consecutive trading day, which is the longest losing streak since the end of 2016. The S&P 500 index also fell for six days. The Dow fell for the fifth consecutive day.

In terms of the Dow Jones Industrial Average, 30 heavyweight stocks fell. Apple led the decline with a 5.23% decline, and Visa closed down 4.82%, followed closely. Caterpillar and Boeing, which are sensitive to international trade relations, also experienced heavy losses, down 2.3% and 2.5% respectively.

As of the receipt, US stock futures also recorded a decline.

At this point, the Fed’s interest rate cut at the beginning of the month did not prevent the US stock market from continuing to decline since August. Yesterday, the CME “Federal Watch” showed that the market expects the Fed to cut interest rates by 100% in September, with a probability of a 25 basis point rate reduction of 74.2% and a probability of a 50 basis point rate reduction of 25.8%.