- Title: Wall Street slumps as visa restrictions stoke U.S.-China worries
- Date: 8th October 2019
- Summary: NEW YORK, NEW YORK, UNITED STATES (OCTOBER 8, 2019) (REUTERS) (SOUNDBITE) (English) WILLIAM O'NEIL + COMPANY, CHIEF INVESTMENT STRATEGIST, RANDY WATTS, SAYING: "Right, so right now we have the market rated in a downtrend. We really need to see the market have what we call, 'a follow through day,' which is a big up day in a lot of volume to start to feel better about the market. We're looking for support around the 200-day and if it breaks that, we think the markets could trade back to their June or March lows and that twenty-seven hundred area, but right now we're pretty negative, because breadth has been contracting and so few stocks are above their 50-day."
- Embargoed: 22nd October 2019 21:25
- Keywords: tariffs jobs report NYSE recession fears William O'Neil international trade stocks Randy Watts markets 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: LVA004B08NAFH
- Aspect Ratio: 16:9
- Story Text: U.S. stocks ended down sharply on Tuesday (October 8) as news that the United States was imposing visa restrictions on Chinese officials overshadowed comments by Federal Reserve Chairman Jerome Powell that pointed to openness to further rate cuts.
The Dow Jones Industrial Average fell 314.59 points, or 1.19%, to 26,163.43, the S&P 500 lost 45.8 points, or 1.56%, to 2,892.99 and the Nasdaq Composite dropped 132.52 points, or 1.67%, to 7,823.78.
(Production: Aleksandra Michalska)
- Copyright Holder: REUTERS
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