12/2/2019, 9:59 PM (Source: TeleTrader)
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Wall Street ends in red after weak data, trade concerns

Equities on Wall Street closed the trading session with losses on Monday as investors were left disappointed with manufacturing data and the latest trade news. ISM's report showed the US manufacturing sector contracted in November, while the US Census Bureau said that construction spending dropped by 0.8% in October. US President Donald Trump admitted that him signing the Hong Kong Bill "doesn't make better" the situation with China but added that "we'll see what happens." He also announced he is reinstating steel and aluminum tariffs on Brazil and Argentina effective immediately.

The Dow Jones Industrial Average index plunged over 268 points and dropped 0.96% at the close. Boeing Co. was the worst performer, losing 2.97%. The Nasdaq 100 was 1.12% lower and travel services provider Group Limited declined the most, 4.09%. The S&P 500 dipped 0.86%. Apache Corp. led the losses, plunging 12.30%.

The euro was flat against the dollar at 16:03 am ET, going for 1.10825.

Breaking the News / TF