Breaking News
Investing Pro 0
Cyber Monday SALE: Up to 54% OFF InvestingPro+ CLAIM OFFER

Wall Street dips as whistleblower report adds to investor caution

Stock Markets Sep 26, 2019 04:37PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Traders work on the floor at the NYSE in New York
 
US500
-1.54%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DJI
-1.45%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
IXIC
-1.58%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Caroline Valetkevitch

NEW YORK (Reuters) - U.S. stocks slipped on Thursday as the release of a whistleblower report tied to the Democrats' impeachment move against President Donald Trump kept uncertainty high, while trade comments from China's top diplomat helped to limit losses.

The S&P 500 briefly turned higher late in the session after China's state councilor and foreign minister said China was willing to buy more U.S. products. Wang Yi, in response to questions from Reuters, said the Trump administration had shown goodwill by waiving tariffs on many Chinese products.

Earlier in the day, the released whistleblower report alleged that Trump not only abused his office in attempting to solicit foreign interference in the 2020 U.S. election, but that the White House also tried to "lock down" evidence about that conduct. The report is seen as central to the Democrats' impeachment inquiry.

The impeachment push has added to recent market volatility.

For the market, "whether it turns into something more comes down to how consumers respond. Without that, it's likely short- term volatility and not much else," said Willie Delwiche, investment strategist at Robert W. Baird in Milwaukee.

Facebook Inc (O:FB) was among the biggest drags on the S&P 500, dropping 1.5% after a person familiar with the matter told Reuters that the U.S. Justice Department will open an antitrust investigation of the social media company.

The Dow Jones Industrial Average (DJI) fell 79.59 points, or 0.3%, to 26,891.12, the S&P 500 (SPX) lost 7.25 points, or 0.24%, to 2,977.62 and the Nasdaq Composite (IXIC) dropped 46.72 points, or 0.58%, to 8,030.66.

Investors also digested a Bloomberg report that the United States is unlikely to extend a waiver allowing American firms to supply China's Huawei Technologies Co Ltd.

The S&P energy sector (SPNY) was down 1.3%, while defensive sectors, including utilities (SPLRCU), were among the best-performing groups.

Shares of fitness startup Peloton Interactive Inc (O:PTON) fell 11.2% in their market debut.

Declining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 2.11-to-1 ratio favored decliners.

The S&P 500 posted 33 new 52-week highs and 5 new lows; the Nasdaq Composite recorded 29 new highs and 112 new lows.

Volume on U.S. exchanges was 6.11 billion shares, compared with the 7.2 billion average for the full session over the last 20 trading days.

Wall Street dips as whistleblower report adds to investor caution
 

Related Articles

Faraday Future appoints Xuefeng Chen as global CEO
Faraday Future appoints Xuefeng Chen as global CEO By Reuters - Nov 28, 2022 2

(Reuters) - Electric-vehicle startup Faraday Future Intelligent Electric said on Monday it has appointed Xuefeng Chen as global chief executive officer, sending shares up 1.4% in...

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 (14)
Charlotte Col
Charlotte Col Sep 26, 2019 6:40PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
US does not need Trump, they are humiliating themselves
Tochukwu Onah
Tochukwu Onah Sep 26, 2019 5:07PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
all I want is the volatility with a little bit of direction
Peter Petrus
Peter Petrus Sep 26, 2019 4:05PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
hes done more than that by holding the market ransom for his political gain
Otete Deogracious
Otete Deogracious Sep 26, 2019 3:56PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This guy trump is trader he manipulates the market the way he wants. It's too bad one person has a lot influence on the market
sam pat
sam pat Sep 26, 2019 3:56PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
well its better :) right than straight buy every time since 2010.. I love trump.
tom miranda
tom miranda Sep 26, 2019 3:55PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
We got it the first time, Brad. No need to keep repeating yourself. Personally, my portfolio has been doing well.
Brad Dover
Brad Dover Sep 26, 2019 3:40PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
IMPEACH trump. he has destroyed the economy and stock market. . . the markets havent budged in TWO years
PMSF Small
PMSF Small Sep 26, 2019 3:40PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
You’re tirade shows what a weak investor you are
muneeb khan
muneeb Sep 26, 2019 3:22PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
US investors is crazy when the leson something wrong thy start sales the stocks when thy lessons something good thy start buying. Im also confused that Americans investors make mony or lose mony or 0.? Every day many Peoples dai new baby's coming but the world is not stopping.
ali bakr
ali bakr Sep 26, 2019 3:22PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Your mistake is that investors are moving the markets.
Brad Dover
Brad Dover Sep 26, 2019 1:52PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
remove this criminal traitor now. he has destroyed the stock market. economy and our BUDGET. . . highest deficits ever and a major recession on the way AGAIN. thanks to republicans screwing it up
Peter Dikeakos
Peter Dikeakos Sep 26, 2019 1:41PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
2 weeks of lower highs and lower lows on the 5hr charts. Will the trend continue? Did anybody say : Cash Is King?
Erski Gumby
SB20 Sep 26, 2019 1:05PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Buying opportunity.
 
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