U.S. stocks reversed earlier gains on Tuesday, as President Donald Trump delivered a stinging rebuke to China's trade practices, while a sharp ...
REUTERS: The S&P 500 and the Nasdaq were set for their worst drops in one month on Tuesday as calls for impeachment of U.S. President Donald Trump gained momentum, while weak consumer confidence data added to worries over the prolonged Sino-U.S. trade war.
"The situation between the President and what occurred in the Ukraine and of course possibly bringing charges towards impeachment, I think that's what led to the selloff largely being run by the algorithms," said Robert Pavlik, chief investment strategist and senior portfolio manager at SlateStone Wealth LLC in New York.
The report is a bit of a concern, said Everett Millman, precious metals specialist at Gainesville Coins in Lutz, Florida, especially as"consumer confidence has been pretty high at least in the U.S."
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