- Title: Wall St drops on Middle East tensions, weak U.S. economic data
- Date: 3rd January 2020
- Summary: ROCKVILLE, MARYLAND, UNITED STATES (JANUARY 3, 2020) (REUTERS VIA SKYPE) (SOUNDBITE) (English) KENDALL CAPITAL CEO CLARK KENDALL, SAYING: "I think the best way to describe it is the market has moved a long ways over a very short period of time. I think the market needs a rest. It needs to move sideways. I think the air strike has simply been an excuse to take a breath as far as what's going on in the markets."
- Embargoed: 17th January 2020 21:18
- Keywords: Clark Kendall Middle East NYSE Wall Street air strike economy stocks
- Location: NEW YORK, NEW YORK + ROCKVILLE, MARYLAND, UNITED STATES
- City: NEW YORK, NEW YORK + ROCKVILLE, MARYLAND, UNITED STATES
- Country: USA
- Topics: Economic Events,Equities Markets
- Reuters ID: LVA002BUME9AL
- Aspect Ratio: 16:9
- Story Text:Wall Street's major indexes fell from record highs on Friday (January 3) after a U.S. air strike in Iraq ratcheted up tensions in the Middle East and a bigger-than-expected contraction in the U.S. manufacturing sector raised concerns of slowing economic growth.
The Dow Jones Industrial Average fell 233.92 points, or 0.81%, to 28,634.88, the S&P 500 lost 20.68 points, or 0.63%, to 3,237.17 and the Nasdaq Composite dropped 71.42 points, or 0.79%, to 9,020.77.
(Production: Angela Moore) - Copyright Holder: REUTERS
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