- Title: Wall St drops on worries over China, oil prices
- Date: 9th November 2018
- Summary: PALM SPRINGS, CALIFORNIA, UNITED STATES (NOVEMBER 9, 2018) (REUTERS VIA SKYPE) (SOUNDBITE) (English) BRUDERMAN ASSET MANAGEMENT, CHIEF MARKET STRATEGIST, OLIVER PURSCHE, SAYING: "I think you're seeing a little bit of a sell-off. It's probably mostly commodity driven, as oil prices continue to sink, signaling a general slowdown in global demand. And that's kind of unnerving investors. Keep in mind that we've had a 750 point rally in the last few days. So, all things considered, it's still a good week for investors."
- Embargoed: 23rd November 2018 21:18
- Keywords: S&P 500 Wall Street Bruderman Brothers technology Dow energy stocks Oliver Pursche Nasdaq equities financial markets
- Location: NEW YORK, NEW YORK + PALM SPRINGS, CALIFORNIA, UNITED STATES
- City: NEW YORK, NEW YORK + PALM SPRINGS, CALIFORNIA, UNITED STATES
- Country: USA
- Topics: Economic Events,Equities Markets
- Reuters ID: LVA00295SBX59
- Aspect Ratio: 16:9
- Story Text: Wall Street's three major indexes closed down on Friday (November 9) after weak Chinese data and volatile oil prices raised concerns about global growth.
The Dow Jones Industrial Average fell 201.59 points, or 0.77 percent, to 25,989.63, the S&P 500 lost 25.7 points, or 0.92 percent, to 2,781.13 and the Nasdaq Composite dropped 123.98 points, or 1.65 percent, to 7,406.90. - Copyright Holder: REUTERS
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