- 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: "It's become increasingly clear over the last 48 hours that the trade talks are going to happen on Thursday this week are not going to be as productive as people thought, right? There was hope that that was going to set the stage for the big deal. And now the White House is kind of walking back that language. In addition, they've actually gotten more hawkish by talking about putting out a list of Chinese companies going to be blacklisted because of some of the social policies China has going on. And so, I think that lower expectations for the trade talks would cause the market to readjust."
- 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: LVA002B08NAFH
- 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
- Usage Terms/Restrictions: None