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Thu Oct 31, 2019, 01:38 PM

Stocks decline as trade concerns outweigh strong earnings

Stocks fell Thursday despite better-than-expected earnings from Facebook and Apple and the Federal Reserve’s third rate cut of 2019. Investors took a pause and turned their focus to U.S.-China trade negotiations.

The Dow dropped 230 points as S&P 500 slid 0.6%, pulling back from a record set in the previous session. The Nasdaq fell 0.4%.
Bloomberg News reported Thursday, citing unnamed sources, that Chinese officials have been casting doubt over the possibility of a long-term trade deal with the U.S. The report added Chinese officials are concerned about President Donald Trump’s “impulsive nature” and the risk of him backing out of any kind of deal.

Whenever you see a lowering of trade-deal expectations, it’s going to upset markets,” said Jeff Kilburg, the CEO of KKM Financial. “Here we are at new all-time highs, so the sensitivity to any type of headwind in the U.S.-China trade tariff negotiations is going to be an overreaction.”

Trade bellwether Caterpillar dropped 2.3% while Micron Technology slid 1.4%.

https://www.msn.com/en-us/money/markets/stocks-decline-as-trade-concerns-outweigh-strong-earnings/ar-AAJCpjj

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Reply Stocks decline as trade concerns outweigh strong earnings (Original post)
Yo_Mama_Been_Loggin Oct 31 OP
Yavin4 Oct 31 #1
Wellstone ruled Oct 31 #2

Response to Yo_Mama_Been_Loggin (Original post)

Thu Oct 31, 2019, 01:40 PM

1. So, the Fed once again sacrificed users to prop up the markets, but looks like

folks are more willing to take a loss on their interests than risk it in stocks.

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Response to Yo_Mama_Been_Loggin (Original post)

Thu Oct 31, 2019, 01:44 PM

2. Appears the Fed is now in

salvage mode rather than preventative mode. Looks like all the Over Night funding cash infusion was the Canary in the Coal mine. Tomorrow should be darn interesting as to how much the markets drop.

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