US STOCKS SNAPSHOT-Wall Street slumps as visa restrictions stoke U.S.-China worries

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Wall Street slumps after the U.S. imposes visa restrictions on Chinese officials, citing treatment of Muslim minorities; S&P 500 closes down more than 1.5 percent

NEW YORK, Oct 8 - U.S. stocks ended down sharply on Tuesday as news that the United States was imposing visa restrictions on Chinese officials overshadowed comments by Federal Reserve Chairman Jerome Powell that pointed 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.

Source: News Formal (newsformal.com)

 

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That's great! Let them wake up!

Since when did this travesty of an administration give a damn about Muslim minorities?

Hey Wall Street, they literally transport them blindfolded on trains to concentration camps. This is the very minimum that should be done.

For better or worse... here we are. The brave new World Order under the biggest LIAR in US history. What could go wrong, 😢🇺🇸

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