Wall Street dips as Apple drags

06 Juin, 2017, 10:28 | Author: Marc Bacque
  • Wall Street dips as Apple drags

The Standard & Poor's 500 index slipped 2.97 points, or 0.1 percent, to 2,436.10.

The Dow Jones Industrial Average was little changed at 21,207 on Monday. Paint maker Sherwin-Williams lost 0.9 percent. The Nasdaq Composite .ixic dropped 0.21 points, or -0 percent, to 6,305.58.

Small-company stocks fell more than the rest of the market.

Stocks are edging lower in midday trading as the market pulls back from its latest record highs set last week.

Winners and Losers: Shares of Apple Inc. sunk 1 percent after its stock was downgraded by Pacific Crest, despite announcing new products for its Worldwide Developers Conference.

Technology companies and banks managed to post some gains.

No justification for cutting diplomatic ties by Gulf countries
This time, however, they also cut off all travel to and from Qatar and ordered Qatari citizens to leave the countries. A sign indicating a route to the Qatar Embassy is seen in Manama, Bahrain , on June 5.


United States committed to de-escalating tensions after gulf rift: White House
Libya, Yemen and the Maldives also severed ties with Qatar on the same day. The Qatar Stock Exchange fell more than 7 percent in trading Monday.


Seattle City Council to decide tax on soda, sugary drinks
The Seattle City Council has approved taxing soda and other sugary beverages to pay for nutrition and education programs. Ultimately, the finalized proposal called for a tax of 1.75 cents per ounce of sweetened beverage.


Alphabet's A-class shares (GOOGL.O) edged above the $1,000 mark for the first time and were among the biggest boosts to the S&P and the Nasdaq.

The S&P 500 energy sector rose 0.2 percent after falling 4.3 percent over the previous two weeks. Reuters data points to a 93.6-percent chance of a quarter-point hike.

The Nasdaq is up 912.57 points, or 17 percent.

In Asia, share markets were in the doldrums on Tuesday in morning session, following the lower close on Wall Street and as markets digested the impact of diplomatic tensions between Qatar and other Middle Eastern nations.

Phone companies and retailers had some of the biggest losses Monday.

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    Sudan urges 'reconciliation' to end Gulf row with Qatar

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Populaire

Rien ne va plus entre l'Egypte et le Qatar
Comment rejoindre leur petite monarchie? En réponse, Qatar Airways a annulé tous ses vols à destination de l'Arabie saoudite. Vodafone Qatar était affecté avec une baisse de 8,9%, et la Qatar National Bank, première banque du pays, perdait 4,6%.

One French citizen killed, two missing in London attack: French FM
Meanwhile, the mother of a young man injured in the attack said she was still in shock following the "absolutely senseless" attack.

Le Caire rompt ses relations diplomatiques avec Doha
Ce point est particulièrement problématique car cette mesure contredit un accord sur la libre circulation au sein du CCG. Etihad, Emirates et flydubai vont suspendre leurs vols vers le Qatar " jusqu'à nouvel ordre " ce mardi 6 juin 2017.

Corbyn asks May to quit over Police cuts
The Met said that family liaison officers had been deployed to support the families of the victims killed in Saturday's attack. She said the U.K.'s national threat level remained at severe on Monday, which "means that a terrorist attack is highly likely".

Cancel Trump visit urges Sadiq Khan
He trained as a human rights lawyer before becoming a Labour Party member of Parliament for Tooting, a south London constituency. President Donald Trump criticized London Mayor Sadiq Khan's the day after Saturday's deadly terror attack on the London Bridge .

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Overview of Apple's Jam-packed WWDC 2017 Conference
New hardware: Apple is introducing a 10.5-inch iPad Pro in an attempt to revive interest in its once hot-selling line of tablets. The Home app also gets support for more accessories like AirPlay 2 speakers and will receive new triggers for better automation.

Putin says claims he has compromising info on Trump are 'nonsense'
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Kuwait emir in talks with Saudis, Qataris amid crisis
Kuwait appears to be trying to play a mediating role between Qatar and Saudi Arabia , the United Arab Emirates and Bahrain . Qatar is the site of the sprawling al-Udeid Air Base, home to the forward headquarters of the US military's Central Command.

British police know identity of London attackers
Dick said Monday the attack was "ghastly", but that Londoners are pulling together and refusing to be cowed by extremists. Police said on Monday they had released all 12 people arrested in the neighbourhood on Sunday without charge.