- 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: "It's always tough to look at a market, or look at economics, and say it comes down to one single thing, because it rarely does. In this case, it really does. The trade war and the tariffs have put this chill on global manufacturing, and it's not going to get resolved until this trade war gets resolved, and until that happens, we are going to see very sloppy numbers out of manufacturing and even, very possibly, a manufacturing recession."
- 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: LVA002AZ9PCI5
- 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
- Copyright Notice: (c) Copyright Thomson Reuters 2019. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None