Weak factory data, trade frictions pull Wall Street lower

- U.S. stocks fell on Tuesday as data showed factory activity contracted for the first time since 2016 in August, renewing fears that a drawn-out trade war between the United States and China could tip the world’s largest economy into recession.

The weak data also weighed on U.S. Treasury yields, with the benchmark 10-year yield US10YT=RR falling to its lowest since July 2016. Shares of banks .SPXBK, which typically come under pressure in a low interest rate environment, slid 2.1%. U.S. stocks opened lower as the lack of progress on negotiations between Washington and Beijing amid a new round of tariffs kicking in over the weekend weighed on sentiment.

Tsk tsk greedy Wall Street

Ya mean grabbing everything all at once in a fire sale might have long term consequences? What can a responsible CEO do?

Why is TonyStewart_Rcg boss trading on Wall Street?

Bitcoin is up.

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Wall St. opens lower as U.S.-China trade tensions weighU.S. stocks fell broadly at the open on Tuesday, as Washington's new round ... Seriously? You post this 14 mins after market already open? What iis the point?
Source: Reuters - 🏆 2. / 97 Read more »

Wall St. opens lower as U.S.-China trade tensions weighU.S. stocks fell broadly at the open on Tuesday, as Washington's new round ... Seriously? You post this 14 mins after market already open? What iis the point?
Source: Reuters - 🏆 2. / 97 Read more »