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Wall Street falls as trade optimism fizzles

Published 09/20/2019, 04:06 PM
Updated 09/20/2019, 04:06 PM
© Reuters. Traders work on the floor at the NYSE in New York

(Reuters) - Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about U.S.-China trade talks.

© Reuters. Traders work on the floor at the NYSE in New York

The Dow Jones Industrial Average (DJI) fell 160.19 points, or 0.59%, to 26,934.6, the S&P 500 (SPX) lost 15.08 points, or 0.50%, to 2,991.71 and the Nasdaq Composite (IXIC) dropped 65.21 points, or 0.8%, to 8,117.67.

Latest comments

This is the time to go long on many stocks. While the trade sends jitters the institutional investors are picking up good deals. One thing to realize is that the conditions of the trade are already priced into most of the equities. If they dip now they will rise up within days. So, go forth and while fear sells you buy and make some money!
Better ask the Koch group what to do now.
But it will be a great deal and a quick deal!
China don't need us. US needs China because there is no manufacturing of anything here thanks to Nafta
can't trust anyone
us droped tarrif on some goods this morning. chinese going back to work before high level talks early october. only see rade tension lowering since a couple of week. i think its good that the chinese return to work instead visiting insignificant farm.
can't Trust the POTUS
10.1 is China's national day. There will be one-week holiday nationwide. Maybe their schedule is tight because of this.
This is a good opportunity to buy futures. The article is just a scalping trade in the markets. What I am waiting for is what is Trump gonna do. After they cancelled. Will he threatened or pick up tariffs as things are getting sour
are you expecting Trump to act with moderation ?
ok at the start of the day the markets are up bc of" trade hopes" and now two hours later markets slump bc of trade fears. make up your mind ffs. the way they speak you would think the entire economy depends on this trade war, which is funny bc before this drama saga started last year there was indeed an economy before.
it's still a fight between the 2 largest economies and most stocks interact with at least one
it's the receiver that pays the tariff not the sender
Just Slap 200% tariff to their face. Easy money lol
just kidding man
Can’t trust China.
can't trust anyone
The only thing that you can trust is your wallet, if it is loaded$. : )
come on farmer dudes. man up and sell to someone else. don't be cry babies and drag the market.
Just remenber when everybody is selling they are buying they are so good to manipulate nasdaq at the same point where they start accumulating with the fed cut
Totally agreed!
Totally agreed with you dude!
Mr Donald is causing problem with his war against China
Earlier, US removed 400 items from the tariffs, per China news. Trump positioning deal making with "we don't ned deal before 2020 elections."
hmm
You sure about that?
Time for the long awaited healthy sell off lol
No one buying it
What's up with the market drop in the last few minutes?
Too bad the U S. isn't doing anything...
Gold buyer
familiar title...
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