قالب وردپرس درنا توس
Home / Business / Wall Street Slips Into Geopolitical Recession Fears By Reuters

Wall Street Slips Into Geopolitical Recession Fears By Reuters





By Stephen Culp

NEW YORK (Reuters) – US equities eased on Monday as rising geopolitical tensions scared investors of stocks and the prolonged trade war between the US and China aroused fears of an impending global recession.

All three major US stock indices started the week down. There were few earnings reports and no economic data to ease the market trembling over protests in Hong Kong, the rejection of the economic agenda of Argentine President Mauricio Macri in the primaries and a tariff dispute that has been straining the markets for months.

"It's the end of summer, so many market players are not at work," said Bucky Hellwig, senior vice president at BB & T Wealth Management, Birmingham, Alabama. "It seems every August that we have events that move the market disproportionately to the events."

Goldman Sachs Group Inc (NYSE 🙂 said on Sunday that its economists' recessionary risks are on the increase The trade war between the world's two largest economies is waning and there is no solution to it US Presidential 2020.

The move away from risk led gold prices to rise and yields on US government bonds fall.

"It's an escape Considering the global situation, from Hong Kong to the Strait of Hormuz," added Hellwig.

Inflation, construction and retail sales data will be released later this week and reviewed by market participants for signs of economic slowdown.

"Consumer confidence has held up well, so we'll see where the rubber hits the street in retail sales," said Hellwig.

The price fell 308.75 points or 1

.17% to 25,978.69, the S & P 500 lost 30.85 points or 1.06% to 2.887.8 and th e fell by 79.90 points or 1% to 7,879.24.

All 11 major sectors of the S & P 500 were in negative territory, with financials, energy and materials losing the largest percentage.

The second quarter earnings season is nearing the finish line, with 452 companies reporting in the S & P 500. Of these, 73.5% exceeded the consensus estimates.

Looking at the third quarter, there were 58 negative announcements compared to 19 positive ones, resulting in a 3.1 negative-to-positive ratio that has been above the 2.7 average since 1997. [19659002] The Roku Inc streaming platform grew 6.2% after a research note from Needham had selected the stock over its bigger rival Netflix Inc (NASDAQ 🙂 A court ruling that has two patents relative to its drug Enbrel confirmed.

Versace's Tapestry Inc and Capri owners dropped 4.1% and 4.3%, respectively, after Chinese social media controlled companies to talk about selling Chinese-language t-shirts from Hong Kong and Macao Areas as countries.

Media companies CBS Corp (NYSE 🙂 and Viacom Inc are in the final stages of negotiating a merger of all stocks, with Viacom being valued at a closing price on Friday. Sending Viacom shares down 4. 5%.

Declining emissions outnumbered the NYSE by 2.36 to 1; on the Nasdaq favored a ratio of 1.98 to 1 declines.

The S & P 500 recorded 23 new 52-week highs and 20 new lows; The Nasdaq Composite recorded 38 new highs and 138 new lows.


Source link