- Title: Wall St gains on optimism over global economy
- Date: 19th August 2019
- Summary: NEW YORK, NEW YORK, UNITED STATES (AUGUST 19, 2019) (REUTERS) (SOUNDBITE) (English) SPARTAN CAPITAL SECURITIES CHIEF MARKET ECONOMIST, PETER CARDILLO, SAYING: "I think you know the big fear out there, and what we're seeing today I don't think is the start of any new bull run by any means. I think, you know, it's the trade war. The trade war is impacting companies and to a certain degree consumers as well."
- Embargoed: 2nd September 2019 21:26
- Keywords: Twitter Faceboook trade China tariffs Donald Trump
- Location: NEW YORK, NEW YORK, UNITED STATES / INTERNET
- City: NEW YORK, NEW YORK, UNITED STATES / INTERNET
- Country: USA
- Topics: Economic Events,Equities Markets
- Reuters ID: LVA002ASVXGGD
- Aspect Ratio: 16:9
- Story Text: U.S. stocks climbed on Monday (August 19) as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.
The Dow Jones Industrial Average rose 249.58 points, or 0.96%, to 26,135.59, the S&P 500 gained 34.88 points, or 1.21%, to 2,923.56 and the Nasdaq Composite added 106.82 points, or 1.35%, to 8,002.81.
Twitter Inc and Facebook Inc said on Monday they had dismantled a state-backed information operation originating in mainland China that sought to undermine protests in Hong Kong.
Twitter said it suspended 936 accounts and the operations appeared to be a coordinated state-backed effort originating in China. It said these accounts were just the most active portions of this campaign and that a "larger, spammy network" of approximately 200,000 accounts had been proactively suspended before they were substantially active.
Facebook said it had removed accounts and pages from a small network after a tip from Twitter. It said that its investigation found links to individuals associated with the Chinese government.
Social media companies are under pressure to stem illicit political influence campaigns online ahead of the U.S. election in November 2020. A 22-month U.S. investigation concluded Russia interfered in a "sweeping and systematic fashion" in the 2016 U.S. election to help Donald Trump win the presidency.
The Chinese embassy in Washington and the U.S. State Department were not immediately available to comment.
(Production: Catherine Koppel) - Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2019. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None