- Title: Wall Street tumbles on manufacturing drop
- Date: 1st October 2019
- Summary: NEW YORK, NEW YORK, UNITED STATES (OCTOBER 1, 2019) (REUTERS) (SOUNDBITE) (English) DATATREK RESEARCH CO-FOUNDER, NICHOLAS COLAS, SAYING: "Look, I think the market's trying to take this sort of as an organic whole for all of October. October, every investor knows, is a twitchy, twitchy month. We're seeing that today, and we can now see the narrative that will continue to make it twitchy. So, it'll be the jobs number. I'll be the Fed meeting. It'll be this entire narrative, 'OK, how much was that little rally we had in September, how much of that was real and sustainable, and how much of that was just overblown recession concerns that are now going to come back?' So, this is going to make October extremely volatile, because we just don't know where we are in the economic cycle, and this latest data says we're not on the right side of it."
- Embargoed: 15th October 2019 21:06
- Keywords: U.S. stocks whistleblower report Democrats impeachment President Donald Trump China Chinese companies trade war
- Location: NEW YORK, NEW YORK, UNITED STATES
- City: NEW YORK, NEW YORK, UNITED STATES
- Country: USA
- Topics: Economic Events,Equities Markets
- Reuters ID: LVA004AZ9PCI5
- Aspect Ratio: 16:9
- Story Text: The Dow and S&P 500 had their worst tumble in over a month on Tuesday (October 1) after data showed U.S. factory activity shrank in September to its weakest in more than a decade, ratcheting up fears that a U.S.-China trade war could hobble the world's largest economy.
The Dow Jones Industrial Average fell 343.93 points, or 1.28%, to 26,572.9, the S&P 500 lost 36.56 points, or 1.23%, to 2,940.18 and the Nasdaq Composite dropped 90.65 points, or 1.13%, to 7,908.69.
(Production: Aleksandra Michalska)
- Copyright Holder: REUTERS
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