news 4 months ago

Wall St Tumbles: Factory Activity 10-Year Low

Wochit Business
(Reuters) - Wall Street tumbled on Tuesday after data showed U.S. factory activity shrank in September to its weakest in more than a decade, ratcheting up fears that a U.S.-China trade war could hobble the world’s largest economy. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 23, 2019. REUTERS/Brendan McDermid Investors moved to the safety of U.S. Treasuries after the manufacturing activity index showed a reading of 47.8, according to the ISM report, falling further from August’s sharp contraction and below economists’ expectations of 50.1.