- Title: Boeing, J&J pull down Wall Street along with weak China data
- Date: 18th October 2019
- Summary: NEW YORK, NEW YORK, UNITED STATES (OCTOBER 18, 2019) (REUTERS) (SOUNDBITE) (English) GLOBAL X ETFS SVP, HEAD OF RESEARCH & STRATEGY JAY JACOBS, SAYING: "Yeah. It's actually a little bit surprising, because I would have thought the markets would be up today. I mean, we've seen, you know, getting closer to a Brexit deal. We've seen pretty good earnings out of the companies that have reported, mostly financials. Progress, you know, generally, over the last couple of weeks, towards, some sort of, you know, maybe baby trade resolution with China. I would have thought this would cause a little bit more short term tailwinds. But it does seem like the market is maybe taking a longer-term approach and saying, 'Nothing has really structurally changed here. We're going to wait for a true resolution in any of these areas before getting too excited'."
- Embargoed: 1st November 2019 20:15
- Keywords: economy corporate earnings NYSE trade China Boeing New York Stock Exchange jobs equities Johnson & Johnson 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: LVA002B1MLKEL
- Aspect Ratio: 16:9
- Story Text: Wall Street fell on Friday (October 18) as negative headlines about Johnson & Johnson and Boeing, along with bleak economic data from China, soured investor risk appetite and offset generally positive corporate earnings.
The Dow Jones Industrial Average fell 255.07 points, or 0.94%, to 26,770.81, the S&P 500 lost 11.83 points, or 0.39%, to 2,986.12 and the Nasdaq Composite dropped 67.31 points, or 0.83%, to 8,089.54.
(Production: Aleksandra Michalska) - Copyright Holder: REUTERS
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