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Wall Street falls as Trump hardens trade rhetoric; weak consumer confidence

Published 09/24/2019, 12:01 PM
Updated 09/24/2019, 04:19 PM
Wall Street falls as Trump hardens trade rhetoric; weak consumer confidence

(Reuters) - U.S. stocks reversed earlier gains on Tuesday, as President Donald Trump delivered a stinging rebuke to China's trade practices, while a sharp drop in September's consumer confidence weighed on Amazon.com (NASDAQ:AMZN) shares.

At 11:40 a.m. ET, the Dow Jones Industrial Average (DJI) was down 26.89 points, or 0.10%, at 26,923.10, the S&P 500 (SPX) was down 6.11 points, or 0.20%, at 2,985.67. The Nasdaq Composite (IXIC) was down 55.99 points, or 0.69%, at 8,056.48.

Latest comments

trade wars are simple and easy to win. . . two friggin  years later
About the impeachment, it is absolutely a hoax from the Democrats. They never can impeach Trump at this time or before the election, because the Senate is still belong to the Republicans. They hold 53 seats there, so it is very difficult for the Democrats to have enough votes to impeach Trump. Don't think about this silly. Democrats are wasting taxpayers' money for silly and useless works.
There's a difference between impeachment and removal from office. The House CAN impeach, but it takes the Senate to remove a screew-up from office. Unless the makeup of the senate changes, a sitting president, regardless of competency or moral fiber, remains in office.
u r obviously a progressive
 Great explanation.  Clinton stayed. Monica left lol couldn't resist.
With Iran, Trump may order airstrike(s) to hit them harder and harder. It is 50-50 chance to have airstrikes. Trump, UK, Saudi, Jews speak a lot of strong language on Iran recent days. If they just telling, and don't do anything, they will lose credit and damage their image, their power. It is unable to take patience from Iran's strikes anymore. If Trump does nothing this time, Iran will step one more steps, and do more strikes.
Who said Iran was responsible for drone attacks?
You think Trump, UK or Saudi have credibility. Trump caves at every turn. Look at the shutdown. Caved after a month. Weak.
Trump has not done with China yet. He will put more and more pressure on China to make them sign the trade deal before next year election. He knows this election is so risky, everything can happen, so he would like to have a trade deal before election as an insurance, an advantage. Therefore, Trump will raise the tariffs if next month trade talk fails to reach a deal. 35% tariff is achievable at this time, or even 40% can happen. I think he can put even 50% tariffs. The other 20% tariffs on $350B Chinese goods, included iphones, laptops, cars, etc., is also understandable.
I told you guys ... Whenever Trump pokes at the Lion, we will hear a loud China Roar. He still doesn't understand who's the King of the Jungle.
And u know Xi daughter is US citizen. Right? Be careful about what u said.
Democrats made that King we can Dethrone that King
No, this King has been building up their infrastructure for decades. It is very hard to go head to head and dethrone this Lion. The Lion is ok for a 50-50% deal, but if Trump doesn't understand this, this King will continue to roam and rule the Jungle.
SP500: double top at level 3020 and sharp sell off because "by chance one more time" Trump disagrees precisely when the index reaches that level... What a surprise !!
Would we get rise bck tomorrow?
"T: I Still Control the markets ... "#ㄆ
Democrats are butthurt.
The priority of the American dictator is to keep his ego intact, the economic conditions of his country and the world are for the secondary.
Trump trying to force the Fed's hand
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