- Title: Wall Street pulls back from records as investors take profits
- Date: 30th December 2019
- Summary: NEW YORK, NEW YORK, UNITED STATES (DECEMBER 30, 2019) (REUTERS) (SOUNDBITE) (English) SPARTAN CAPITAL, CHIEF MARKET ECONOMIST, PETER CARDILLO, SAYING: "Well, I'm optimistic on 2020. And the reason why I'm optimistic is that these two big events, that is the trade events, are going to boost the economy by at least 0.3 to 0.4 of a, percent. And the big one will be the U.S., Canada, Mexico deal. And, of course, the relaxation between China and the United States will also help. And that should also add some spark to the economy. And, I think, the biggest thing is that we can avoid is China perhaps heading towards a hard landing. And so that's key for the global economy. And that's all due to the prospects of the North American trade deal. And, of course, the relaxation between China and the United States."
- Embargoed: 13th January 2020 21:07
- Keywords: Dow Jones Industrial Average Nasdaq Composite Peter Cardillo President Donald Trump S&P 500 Spartan Capital U.S. stocks U.S.-China trade equities stock market tariffs trading
- Location: NEW YORK, NEW YORK, UNITED STATES
- City: NEW YORK, NEW YORK, UNITED STATES
- Country: USA
- Topics: Economic Events,Equities Markets
- Reuters ID: LVA004BC64K25
- Aspect Ratio: 16:9
- Story Text: Wall Street's major stock indexes slipped from record highs on Monday (December 30) as investors booked profits from gains made this month after the United States and China reached a trade deal.
The Dow Jones Industrial Average fell 182.24 points, or 0.64%, to 28,463.02, the S&P 500 lost 18.64 points, or 0.58%, to 3,221.38, and the Nasdaq Composite dropped 60.62 points, or 0.67%, to 8,945.99.
(Production: Aleksandra Michalska & Fred Katayama)
- Copyright Holder: REUTERS
- Usage Terms/Restrictions: None