Wall Street crumbles as terror attack in Barcelona and action of Trump
News24xx.com - The Wall Street stock exchange in the United States fell in trading on Thursday, August 17 2017.
This was caused by a terror attack in Barcelona, Spain, and concerns the question of the President's actions who shunned the business leaders in the US.
Investors also misgivings reserved rumors which say that White House Economic Adviser, Gary Cohn, who is a former Chairman of Goldman Sachs, will resign from his post. But, sources in the White House denied the rumours.
In stock trading Thursday (17/8/2017), the Dow Jones index fell 1.2% to 21,750.73. Then S&P 500 index falls 1.5% to 2,430.01. While the Nasdaq Index fell 1.9% to 6,221.91 in.
When trading opened yesterday, Wall Street fell. This is due to the news of the terror attacks in Barcelona through a van that crashed into a crowd of tourists. There are deaths and injuries.
In addition to the terror, the investors are also worrying news that today's business leaders stay away from Trump.
"This is the first time since Trump be the President, there is disharmony between him (Trump) and the business community," said the analyst, Adam Sarhan, offered from AFP, Friday, August 18 2017.
The existence of some internal and external conflicts in the Government make investors pessimistic Trump will be able to run the economic agenda that has been planned since the presidential campaign last year, namely, the improvement of infrastructure spending and tax trimming.
According to Sarhan, the political events in the current Trump affects directly the economic conditions.
This is causing the stock market immediately reacted. Shares of Goldman Sachs reportedly fell 1.8%. Apple's stock is also down 1.9%, then the shares of Wal-Mart Stores was down 1.6%.
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