Economic security

Dow drops about 200 points on trade worries, extends losing streak to 8 days

Stocks fell on Thursday as fears of an impending trade war between the U.S. and China dragged investor sentiment lower.

The Dow Jones industrial average dropped 196.1 points to 24,461.70, with Intel and Caterpillar as the worst-performing stock in the index. The Dow also posed an eight-day losing streak, its longest since March 2017. The S&P 500 declined 0.6 percent to 2,749.76 as energy shares fell 1.9 percent.

The Nasdaq composite pulled back 0.9 percent to 7,712.95, erasing earlier gains, led by declines in Amazon and Alphabet. Amazon shares fell 1.1 percent after the Supreme Court ruled that states can force online shoppers to pay sales tax.