Wall St opens little changed; Comey testimony eyed

08 Juin, 2017, 18:40 | Author: Marc Bacque

"The indices are in a holding pattern, with a downside bias awaiting Thursday's key events, namely the Comey testimony, the European Central Bank and GB elections", Peter Cardillo, chief market economist at First Standard Financial in NY, wrote in a note.

Wall Street rose on Wednesday gains in banking stocks after written testimony from former Federal Bureau of Investigation director James Comey failed to add major revelations about a probe into Russian meddling with last year's USA presidential election.

Comey, who was investigating alleged ties between President Donald Trump's 2016 campaign and Russian Federation, was sacked in May.

Investors were concerned that any additional revelation could dampen already flagging momentum for Trump's agenda of lower taxes and lax regulations.

Investors are also keeping an eye on the outcome of the United Kingdom general election, with opinion polls showing Theresa May's Conservative Party leading between 5 and 12 percentage points over the main opposition Labour Party, suggesting she would increase her majority.

"We have a lot of stuff on Thursday".

"You got to position yourself to whatever could happen Thursday so you take a little bit off the table".

The Dow Jones was up 0.17% at 21,171.15, and the wider S&P 500 climbed 0.15% to 2,433.09.

Cavaliers vs. Warriors, Game 3
Up six with 3:09 left, the Cavaliers went scoreless the rest of the way and now face a 3-0 deficit after their 118-113 defeat. We've got one more to go". "We just kept telling the guys, they're going to get exhausted ", Warriors coach Steve Kerr said.


Investors Traded Stocks: American Electric Power Company, Inc. (AEP), Neovasc Inc. (NVCN)
Principal Financial Group Inc. boosted its position in shares of New Jersey Resources Corp by 4.3% in the third quarter. The utilities provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.00 by $0.21.


Wall St. opens little changed; Comey testimony eyed
Comey released prepared testimony saying the president asked him to end an investigation into the former national security adviser.


West Texas Intermediate crude oil for July delivery slumped 5.1% to $US45.72 a barrel in NY.

Benchmark Brent crude oil rose 65 cents a barrel to $50.12.

Safe-havens were bid up as traders sold out of stocks.

The tech-heavy Nasdaq climbed 0.30% to 6,293.98. Walmart fell 1.7 percent to $78.93 after Amazon said it would offer its Prime subscription service at a discount to USA customers on government aid, taking aim at a piece of Walmart's customer base. Devon Energy slumped 5.8%, ConocoPhillips fell 2.1% and Schlumberger declined 1.9%.

Macy's (M.N) fell 8.2% after it warned its margins could shrink further.

Wal-Mart Stores (WMT.N) fell 1.5 percent to $79.08, dragging down the Dow, after Amazon.com (AMZN.O) said it would offer Prime subscription service at a discount to its US customers on government aid, taking aim at a key customer base of the discount retailer.

The S&P 500 index showed 28 new 52-week highs and 11 new lows, while the Nasdaq recorded 82 new highs and 70 new lows.

About 6.42 billion shares changed hands in US exchanges, compared with the 6.6 billion daily average over the last 20 sessions.

Conseillé:

  • Comey testimony: Trump expected to respond on Twitter

    Comey testimony: Trump expected to respond on Twitter

    Comey will describe how he felt, but not reveal anything about the status or progress of the Russian Federation investigation. The President feels completely and totally vindicated. "He is eager to continue to move forward with his agenda".
    I Want To Retire At Barcelona - Messi

    I Want To Retire At Barcelona - Messi

    Messi has reportedly agreed a deal that will see him remain at the Camp Nou until 2021. "It's what I always dreamed and what I always wanted".
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    Il s'agirait probablement d'un crocodile empaillé au vu d'une quantité de coton retrouvée à l'intérieur de l'estomac de la bête. La police de l'eau doit se rendre sur place et un vétérinaire pourrait être appelé pour donner son verdict.
  • Insider Activity for Investors: Spirit Realty Capital, Inc. (SRC)

    Finally, Norges Bank bought a new position in shares of Spirit Realty Capital during the fourth quarter valued at $41,964,000. The real estate investment trust reported $0.20 EPS for the quarter, missing the Zacks' consensus estimate of $0.22 by $0.02.

    Gulf crisis reroutes Qatari flight paths

    Trump later spoke by phone with Saudi King Salman and stressed the need for Gulf unity, a senior White House official said. Three of the council's six members have severed relations with Doha - Saudi Arabia, Bahrain and the United Arab Emirates.

    Exxon says Qatar LNG not affected by Arab states tension

    For al-Fassi and the millions of people impacted by the crisis, the measures taken against Qatar seem nearly untenable. Qatar has reassured clients in Japan and India that LNG shipments will not be affected by the tension.
  • Reed to seek answers Thursday from ex-FBI director Comey

    Comey will address the Senate Intelligence Committee in one of the most widely anticipated U.S. congressional hearing in years. The document release came twenty-four hours before his testimony in front of the Senate Intelligence Committee.

    Has $2.66 Million Stake in Southwestern Energy Company (SWN)

    If you are reading this article on another website, it was stolen and republished in violation of global copyright laws. Finally, Snow Capital Management LP increased its position in Southwestern Energy Company by 1.8% in the third quarter.

    Saudi ally Bahrain demands Qatar distance itself from Iran

    All passengers in Doha en route to the Kingdom of Saudi Arabia have been assisted with alternative onward travel arrangements. The Gulf Cooperation Council is a regional bloc comprising Saudi Arabia, Qatar, Kuwait, Bahrain, the UAE and Oman.
  • Cavaliers know there's a different feel to this year's 2-0 deficit

    In the first two games, Irving shot 40 percent. "I thought our team scrapped and competed", Cavaliers coach Tyronn Lue said. The Warriors can lock up their second National Basketball Association title in three years on Friday in Game 4 at the Q.

    USA condemns attacks in Tehran, extends condolences to Iranians

    State Department spokeswoman Heather Nauert said that "the depravity of terrorism has no place in a peaceful, civilized world". Deputy Interior Minister Mohammad Hossein Zolfaghari told Iran's state TV the apparently male attackers wore women's attire.

    Pound to plunge if May fails to secure majority

    She has also promised tougher action on terrorism, with longer sentences and more power to deport and track suspected terrorists. The difference depends largely on the predicted size of turnout among young people, traditionally the least likely to vote.


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