- Title: Wall St rises on U.S. delay of some Chinese import tariffs
- Date: 13th August 2019
- Summary: NEW YORK, NEW YORK, UNITED STATES (AUGUST 13, 2019) (REUTERS) (SOUNDBITE) (English) WILLIAM O'NEIL & CO., CHIEF INVESTMENT STRATEGIST, RANDY WATTS, SAYING: "There's a very high risk profile right now in the market. GDP around the world is slowing, earnings estimates continue to come down for the U.S. market, especially for Q3 and Q4 of this year. The pullback has been pretty quick. We would be surprised if this correction doesn't involve at some point a test of the 200-day moving average. So, we would tell people to be cautious on committing new capital."
- Embargoed: 27th August 2019 21:09
- Keywords: tariffs S&P 500 NYSE William O'Neil New York Stock Exchange China trade Randy Watts Nasdaq markets Dow Jones closing bell
- Location: NEW YORK, NEW YORK, UNITED STATES
- City: NEW YORK, NEW YORK, UNITED STATES
- Country: USA
- Topics: Economic Events,Equities Markets
- Reuters ID: LVA002AS1YQOD
- Aspect Ratio: 16:9
- Story Text: U.S. stocks closed higher on Tuesday (August 13) after an announced delay of planned tariffs on select Chinese imports brought buyers back to the equities market in a broad-based rally.
The Dow Jones Industrial Average rose 307.78 points, or 1.19%, to 26,215.15, the S&P 500 gained 38.81 points, or 1.35%, to 2,922.56 and the Nasdaq Composite added 152.95 points, or 1.95%, to 8,016.36.
(Production: Aleksandra Michalska)
- Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2019. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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