Wall Street slips as weak economic data offsets earnings strength

NEW YORK - Wall Street lost ground on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked buyers away from the equities market, despite a string of generally positive third-quarter earnings reports.

“This is perhaps the first indication that the consumer side of the economy is showing signs of stress and perhaps pulling back,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “The consumer has been looked at as the savior of this economy and this data comes out and it’s rather shocking.”

“It surprises us that the market isn’t reacting more to the negative issues,” Ghriskey added. “Part of that is the expectation that the Fed is going to lower rates at the end of October and that companies may surprise to the upside like they did in first second quarters.”

It’s October. It’s a SPOOKY month and we are fighting a war, so spook means spy get over it. Oh I see... a little financial humor - Good one! Finally someone with a sense of humor.

Trump BozoTheClown

I’m dressing up as weak U.S. retail sales for Halloween

2018 was just a Cotton candy sugar high.

WallStreet

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Wall Street opens higher on upbeat start to earningsU.S. stocks opened higher on Tuesday, as strong earnings reports from JPMorgan C... Who gives a SHIT! 95% OF AMERICA don't have the money to make money! GroundHogDay Help! Lebanon is on fire
Fuente: Reuters - 🏆 2. / 97 Leer más »

Wall Street gains as earnings season begins in earnestInvestors weren’t disappointed as Wall Street gained on a positive start to the earnings season For complete earnings coverage, follow ReutersBiz
Fuente: Reuters - 🏆 2. / 97 Leer más »

LIVE: Netflix reports Q3 earnings as Wall Street braces for another miss on subscriber growthNetflix reports on Wednesday its most pivotal earnings in years, after badly missing its subscriber growth forecasts last quarter. I cancelled my subscription a while back - when the Obamas were named to the board. Haven’t missed it one bit.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »