Breaking News
Investing Pro 0
Free Webinar - The Role of Psychology in Trading - Thursday, December 8, 2022 | 04:00PM EST Enroll Now

Stocks - Wall Street Falls After Weak ISM Data

Stock Markets Oct 01, 2019 10:29AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
XAU/USD
+0.22%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
US500
+0.68%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DJI
+0.36%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
C
0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
BAC
-0.92%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
JPM
+0.99%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Investing.com – Wall Street tumbled on Tuesday after weak ISM manufacturing data sparked concerns that the U.S. economy could be slowing down.

The Dow fell 131 points, or 0.5%, by 10:20 AM ET (14:20 GMT), while the S&P 500 was down 11 points, or 0.4%, and the Nasdaq composite lost 8 points, or 0.1%.

The closely watched ISM manufacturing index came in lower than expected, increasing tensions that the impact of the the trade war with China is spilling over into the domestic economy.

The data follows disappointing results from the euro zone, which showed that manufacturing activity in the bloc contracted at its fastest rate in seven years.

Bank stocks fell, with Bank of America (NYSE:BAC) down 1% and JPMorgan Chase (NYSE:JPM) losing 0.5%, while Citigroup (NYSE:C) ticked down 0.4%. Charles Schwab (NYSE:SCHW) declined 8.9% after it said it would eliminate commissions on U.S. stock, ETFs and options investments.

Elsewhere, Spotify (NYSE:SPOT) jumped 1% due to an analyst upgrade, while Apple (NASDAQ:AAPL) gained 1% and Amazon.com (NASDAQ:AMZN) was up 0.1%.

In commodities, the U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.3% to 99.278 and gold futures fell 0.3% to $1,469.15 a troy ounce. Crude oil futures gained 1% to $54.59 a barrel.

Stocks - Wall Street Falls After Weak ISM Data
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (3)
Mark Hayek
Mark Hayek Oct 01, 2019 11:51AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
the slowdown is now backing up the highway.. now manuf  will slow down more, and prices will need to fall to encourage more spending at the consumer level.  unles we get a rate cut, to stimulate the consumer, and the ISM
Andrew carson
Andrew carson Oct 01, 2019 11:29AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Wake up Powell.
Brad Dover
Brad Dover Oct 01, 2019 11:02AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
ALL THIS MAGA. is giving me goosebumps
Van Doza
Van Doza Oct 01, 2019 11:02AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Thanks for sharing.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email