Stocks traded lower on Tuesday, giving back earlier gains after House Speaker Nancy Pelosi said she will make an announcement on possibly impeaching President Donald Trump.
A spokesman for former Vice President Joe Biden said presidential hopeful will call on Trump to comply with congressional requests for information on a call with Ukraine's leader.
During the call, Trump pressured the Ukrainian leader to investigate Biden's family.
"In any news driven market that could have contributed to selling here, and then Biden came out and said 'I support impeachment.' Up until this point, I thought the political stuff didn't mean anything. Now that it becomes real, I can't discount it," said Peter Boockvar, chief investment officer at Bleakley Advisory Group.
The dispute between Washington and Beijing has dragged on for well over a year, battering financial markets and souring business and consumer sentiment.
"While the market remains in an uptrend, we are seeing some evidence from our technical indicators that the S&P 500 may need further time to consolidate before attempting to make a new all-time high," JC O'Hara, chief market technician at MKM Partners, in a note.
"Overall, we are still constructive on the market but believe the call is to look at individual stocks for alpha generation, rather than a broad-based market call."
https://www.cnbc.com/2019/09/24/stock-market-us-china-trade-talks-in-focus-on-wall-street.html
A spokesman for former Vice President Joe Biden said presidential hopeful will call on Trump to comply with congressional requests for information on a call with Ukraine's leader.
During the call, Trump pressured the Ukrainian leader to investigate Biden's family.
"In any news driven market that could have contributed to selling here, and then Biden came out and said 'I support impeachment.' Up until this point, I thought the political stuff didn't mean anything. Now that it becomes real, I can't discount it," said Peter Boockvar, chief investment officer at Bleakley Advisory Group.
The dispute between Washington and Beijing has dragged on for well over a year, battering financial markets and souring business and consumer sentiment.
"While the market remains in an uptrend, we are seeing some evidence from our technical indicators that the S&P 500 may need further time to consolidate before attempting to make a new all-time high," JC O'Hara, chief market technician at MKM Partners, in a note.
"Overall, we are still constructive on the market but believe the call is to look at individual stocks for alpha generation, rather than a broad-based market call."
https://www.cnbc.com/2019/09/24/stock-market-us-china-trade-talks-in-focus-on-wall-street.html
No comments:
Post a Comment