Wall Street Drops Despite Promising Fed Signals

Video Credit: Wochit
Published on October 8, 2019 - Duration: 00:51s

Wall Street Drops Despite Promising Fed Signals

Reuters reports U.S. stocks ended down sharply on Tuesday.

Spirits were fell with the news that the US was imposing visa restrictions on Chinese officials.

It overshadowed comments by Fed Chairman Jerome Powell pointing to openness to further rate cuts.

The Dow Jones Industrial Average fell 314.59 points, or 1.19%, to 26,163.43.

The S&P 500 lost 45.8 points, or 1.56%, to 2,892.99.

And the Nasdaq Composite dropped 132.52 points, or 1.67%, to 7,823.78.

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