Stock Market News For Sep 27, 2019
Zacks Investment Research | Sep 26, 2019 10:19PM ET
U.S. markets ended in the negative territory on Thursday as investors carefully evaluated a whistleblower complaint against President Donald Trump and the latest U.S.-China trade developments. Wall Street also felt the weight of Trump’s early-morning tweet on Thursday, in which the president warned of a stock market crash.
The Dow Jones Industrial Average declined 0.3% to close at 26,891.12 on Sep 26. The broader S&P 500 and Nasdaq Composite took the road south as well, sliding 0.2% and 0.6% respectively. The former closed at 2,977.62 and the latter finished the day at 8,030.66. The fear-gauge CBOE Volatility Index (VIX) declined 1.8% to close at 15.67 on Thursday. Finally, decliners outnumbered advancers on the NYSE by a 1.42-to-1 ratio.
Whistleblower Report Against Trump on Ukraine Phone Call
On Sep 26, Trump warned of a stock market meltdown if the Congress managed to successfully impeach him. Trump’s tweet followed a day after a rough transcript of his phone call with Ukraine President Volodymyr Zelensky on July 25 was released.
The transcript showed him asking Zelensky to investigate the activities of the President’s main domestic political rival Joe Biden and his son Hunter Biden. A whistleblower Zacks Investment Research
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