- Title: Wall Street falls as U.S. data stokes economic worries
- Date: 2nd October 2019
- Summary: NEW YORK, NEW YORK, UNITED STATES (OCTOBER 2, 2019) (REUTERS) (SOUNDBITE) (English) PHOENIX FINANCIAL SERVICES CHIEF MARKET ANALYST, WAYNE KAUFMAN, SAYING: "That is, you know, we saw that yesterday. You don't frequently get a particular piece of news or indicator that you can definitely say caused the market to move one way or another. But yesterday, when we got the ISM numbers, the market had been up a lot, and it was just a complete 180 as soon as that number came out. And then we finished the day with better-than-one-percent losses, and then that's followed through today. And so, the markets in a sell-off here, and I think it's getting getting near the end of this of this."
- Embargoed: 16th October 2019 21:10
- 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: LVA002AZEPEOD
- Aspect Ratio: 16:9
- Story Text: Wall Street's main indexes suffered their sharpest one-day declines in nearly six weeks on Wednesday (October 2) after employment and manufacturing data suggested that fallout from the U.S.-China trade war is further hurting the U.S. economy.
The Dow Jones Industrial Average fell 494.42 points, or 1.86%, to 26,078.62, the S&P 500 lost 52.59 points, or 1.79%, to 2,887.66 and the Nasdaq Composite dropped 123.44 points, or 1.56%, to 7,785.25.
(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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