Shares on Wall Street fell sharply on Tuesday, as traders were worried that the United States and China were far less developed than the United States and China were thinking about breaking the trade dispute, and the US dollar bonds market did not reveal any signs of economic growth.
Dow Jones Industrial Average, on average, was 799.36 points or 3.1%, to 25,027.07. S & P 500 lost 90.30 points or 3.24 percent to 2,700.07, dropping Nasdaq Composite 283,08 or 3.8 percent to 7,158.43.
Because the investors have become less risky assets, bonds have risen and profitability has dropped. Profitability of 10-year treasury notes on securities has dropped to a minimum of three months. This was the biggest drop in Dow's after-market in October.
The trade wave eliminated the market's benefit before the consolidation of shares after the US and China agreed to a temporary settlement on trade disputes. Investors' confidence in this negotiation triggered a new fear that Tuesday's disagreement between the two energy powers could slow down the global economy.
Technological companies, banks and manufacturing funds account for most of the sales. Public utilities have risen. The shares of smaller companies have fallen below the rest of the market.
Big expenses for Boeing and Caterpillar companies will lose if trade problems persist.
The stock market expressed its concern because the difference between the two years and the 10-year treasury reached the slightest difference since 2007.
Economists are termed "backward reversal" due to lower yields on long-term bonds on short-term bonds. This suggests that investors are forecasting weak economic and inflation in the coming years. The invertebrate curve of curvaceae was down to every decline in the last 60 years, but sometimes even more than a year.
"You can reduce bond yields and increase prospects," says Willy Delvis, Baird's investment strategy. "The problem is you are releasing yesterday's rally."
Canada's major stock index was controlled by health and energy on Tuesday, and the US-China did not hope to make a quick decision on a trade dispute.
The S & P / TSX Composite Index of Toronto Stock Exchange dropped by 211.39 points or made 1.38 percent, 15 063.59.
The health sector has dropped by 4.6 percent, the bulk of the 11 largest sectors.
Aphria Inc. the company has dropped by about 20 percent. The Cannabis manufacturer said Monday that the company had defended Latin American transactions in the form of a shorter seller, and that the company had paid over assets. His shares are now down 65%.
Canopy Growth and Avorora Cannabis have dropped more than 5% each.
Energy prices have dropped by 2.2 percent, as oil prices rose to a high level before the OPEC meeting in 2019. American crude oil in New York rose by 0.6 percent to $ 53.27 per barrel. International oil refining standard Brent crashed $ 0.9 to $ 62.22 per barrel in London. Encana fell by 3.7 percent.
Industrialists have dropped by 2.8%, as Bombardier has fallen by 6.2% and FinnIn International has dropped by 5.7%.
The financial sector decreased by 1.6%. The Montreal Bank ended the season of mixed profit of the Canadian largest banks, after the fourth quarter profit of the fourth quarter of the fourth quarter, and even after the increase of dividends, the Montreal Bank fell by 3.8%. Toronto – Dominion Bank – 1.7%, New Scotland Bank – 1.2%.
The former president of sales, George VV, the US stock market and stock market before the closing of the stock market on Wednesday to protect the day of national mourning. Bush.
The sharp change in the markets on Monday drew a strong rally on Monday, when the US president Donald Trump and his Chinese counterpart, Xi Jinping agreed to a 90-day low, agreed on a G-20 summit to boost trade dispute between the two countries.
But optimism in the market deteriorated on Tuesday than the Tompson talks, and published reports citing doubts that Beijing's willingness to comply with US demands at any time.
"At this meeting, the actual amount of progress was very limited," wrote Alec Phillips and other economists at Goldman Sachs.
Delevich repeated these doubts.
"There are few things to say about things that actually happen between the two parties," Delvic said. "There was a rally in expectation of something, because the problem was nothing."
Trade marks emerged in the market over the past few months, and there are signs that affect corporate profit. It is a long-term fears that traders will continue to grow in the global economic growth.
The decline in prices led to an increase in demand for government bonds on Tuesday. October 10 treasury yield dropped from 2.99% to 2.91% on Monday. Reduction of bond yields affecting interest rates and other consumer loans on mortgage loans was related to bank deposits. Citigroup decreased by 5.4 percent.
Chip makers were one of the biggest breakthroughs on the technological slide. Additional micro-devices decreased by 10.9%, while Micron Technology lost 7.9%.
Homebuilders The luxury builder Toll Brothers has dropped out of the housing market after the fall. Toll shares fell by 1.6%. Hovnanian Enterprises has lowered most of its builders and dropped 9.4 percent.
After removing consumer electronics from HSBC analysts, iPhone lost 4.4 percent, taking into account the loss of iPhone and its value due to the lost mobile phone market.
The US dollar discounted retail network dropped 6.8 percent after the company announced quarterly poor results.
AutoZone increased by 6.7 percent after the car retail retailer delivered the third quarter profit exceeding the analyst's expectations.
Reuters, Associated Press