Tech companies lead broad slide in USA stocks; oil rises

13 Août, 2017, 15:20 | Author: Marc Bacque
  • Reuters

A small rise in a measure of US consumer prices pointed to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year, which would be favorable to equity investors. On the Nasdaq, 1,846 issues fell and 953 advanced favoring decliners.

"The slight bias to the upside (in stocks) is a result of the CPI number".

JJ Kinahan, chief strategist at TD Ameritrade, said geopolitics had "splashed cold water on the markets". Netflix was down 2.35 percent.

The Dow Jones Industrial Average (DJIA) ended its streak of record highs today, finishing lower for a second session after dismal Disney earnings and amid building tension with North Korea.

Until this week, the equity market had managed to shake off negative news, including previous saber-rattling over North Korea and failures in Washington to pass high-profile bills, such as repealing and replacing Obamacare.

Simmering tensions between the U.S. and North Korea have come back to the boil in recent days after Pyongyang disclosed plans to fire missiles over Japan to land near America's Pacific territory of Guam.

Major U.S. indices had posted record highs in recent weeks.

ASIA'S DAY: Earlier, Asia bore the brunt of the mounting geopolitical uncertainty, with South Korea's Kospi index closing down 1.7 percent at 2,319.71 and Hong Kong's Hang Seng ending 2 percent lower at 26,883.51.

In Europe, Germany's DAX fell 1.1 percent, while the CAC 40 in France lost 0.6 percent.

"Pretty remarkable, perhaps even extraordinary, considering", said Tim Ash, strategist at fund manager BlueBay.

Market Vectors Junior Gold Miners ETF
The Average Directional Index or ADX is a technical analysis indicator used to describe if a market is trending or not trending. Aroon Up below 50 warns that the up-trend is weakening while Aroon Down below 50 signals that the down-trend is weakening.


Xavi comments on Jean Seri
Seri's present contract expires in June 2019 and if he's to leave this summer Nice are demanding his release clause of £35m be met.


Aaron Carter Gets Emotional At a Gay Bar
Moretz ended the confession stating that one never knows what might happen and that maybe she might meet Carter one day. At the time, he claimed that there was an issue with his vehicle and that is why he was driving so badly on the road.


The CBOE Volatility Index.VIX, the most widely followed barometer of expected near-term stock market volatility, was up as much as 12.63 points, its highest in more than a month.

The Swiss franc, meanwhile, looked set for its biggest one-day rise in more than two years. The Russell 2000 index of smaller-company stocks gave up 8 points, or 0.6 percent, to 1,401. The Korean won fell against the United States dollar.

"If the data continues to come in on the softer side, the market might start to price the Fed staying on hold this year", said Sireen Harajli, FX strategist at Mizuho in NY.

The S&P 500 Index (SPX - 2,474.02) lost 0.9 point, or 0.04%.

The last time the S&P closed down more than 1 percent was May 17 when it fell 1.8 percent.

In bond markets, the yield on U.S. Treasuries fell, also pressured by the lowered expectations for a Fed move.

Data showed US producer prices unexpectedly fell in July, recording their biggest drop in almost a year, while another set showed the number of Americans filing for unemployment benefits unexpectedly rose last week.

The 30-year bond last /32 in price to yield 2.7933 percent, from 2.794 percent late on Thursday. Silver also rose, gaining 38 cents, or 2.3 percent, to $16.77 an ounce.

OIL: Benchmark U.S. crude gained 4 cents to $49.60 a barrel on the New York Mercantile Exchange. Brent crude, used to price global oils, slid 80 cents, or 1.5 percent, to $51.90.

Conseillé:

  • United States  stocks fall again on North Korea tensions

    United States stocks fall again on North Korea tensions

    Wall Street saw a stock sell-off on Thursday as rising tensions between the US and North Korea filled investors with worry. Pacific island territory of Guam in an unusually detailed threat that further heightened tensions with the United States .

    Shocking video shows vehicle slam into protesters at 'Unite the Right' rally

    Then the driver put the vehicle in reverse and backed-up the street with its front bumper dragging and a few people chasing after it.

    Exelon Corporation (EXC) Stake Cut by Meag Munich Ergo Kapitalanlagegesellschaft MBH

    The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . In related news, insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction on Friday, July 21st.
  • Plug Power, Inc. (NASDAQ:PLUG) Lowered to "Sell" at BidaskClub

    FBR & Co set a $3.00 price target on Plug Power and gave the company an outperform rating in a report on Wednesday, May 10th. ValuEngine lowered shares of Plug Power from a "hold" rating to a "sell" rating in a report on Thursday, May 18th.
    Keita 'profoundly hurt' by Lazio after Supercoppa Italiana snub

    Keita 'profoundly hurt' by Lazio after Supercoppa Italiana snub

    Speaking on the 2017/2018 European League Season and the match fixtures, Brands and Marketing Director, StarTimes, Mr. Keita enjoyed a breakout campaign for Lazio last season, scoring 16 Serie A goals.
    Tigers confirm signing of Benji Marshall

    Tigers confirm signing of Benji Marshall

    Halves Tuimoala Lolohea and Luke Brooks performed well for the Tigers and should gain plenty of confidence from this showing. Marshall, 32, has signed a one-year contract with the Tigers which will likely see him end his career at Concord.
  • Vigil planned in Roanoke on Sunday after Charlottesville violence

    The vigil will be a time to remember those who were injured and killed at the rally in Charlottesville on Saturday, August 12. Police also said a helicopter crash that killed two Virginia state troopers outside Charlottesville was linked to the rally.
    Mbappé est déterminé — Mercato PSG

    Mbappé est déterminé — Mercato PSG

    Kylian Mbappé , 18 ans, est déterminé à rejoindre le PSG dès cet été et, au centre d'entraînement de La Turbie, tout le monde le sait.
    Kandy Test: India 329 for 6 on Day 1

    Kandy Test: India 329 for 6 on Day 1

    In a recent interview to a website, Rahul said that not converting the starts into big hundreds will make him more hungry. The celebration wasn't the usual: the twirl of moustache and slapping of thigh. "It was a fun thing with the boys".
  • Dollar slumps, Tokyo tanks as North Korea tensions spike

    Dollar slumps, Tokyo tanks as North Korea tensions spike

    Significant strength was also visible among software stocks, as reflected by the 1.2% gain posted by the Dow Jones Software Index. The data comes amid tepid inflation that has remained below the Fed's 2 percent target, despite low unemployment.
    Virginia Gov. McAuliffe to white nationalists: 'No place for you in America'

    Virginia Gov. McAuliffe to white nationalists: 'No place for you in America'

    Others weighing in included Vice President Mike Pence, who is heading Sunday on a six-day trip through Central and South America. The victims appeared to be counter-protesters but could be residents, CBS News justice reporter Paula Reid reports . "Go home.
    Yorkshire's Jack Leaning Takes A Stunning Catch in Natwest T20 Blast

    Yorkshire's Jack Leaning Takes A Stunning Catch in Natwest T20 Blast

    Lilley's departure left Lancashire on 63-3 in their pursuit of 183 for victory and brought England star Jos Buttler to the crease. Former England all-rounder Tim Bresnan claimed career-best T20 figures of 6 for 19 to guide Yorkshire to a 19-run win.


Populaire

Un mal-voyant voulant aller par le train à Orthez se retrouve à Paris
Un service allant ainsi notamment lui permettre d'être pris en charge par des agents à la montée et à la descente du train. Arrivé à Paris vers 14 heures, il s'est vu remettre un billet pour retourner à Orthez où il est arrivé à 20 heures...

Gold steady near 2-mth highs as N. Korea tensions continue
MSCI's broadest index of Asia-Pacific shares outside Japan skidded 1.55 percent, its biggest one-day loss since mid-December. USA crude (CLc1) was unchanged at $48.59 per barrel and Brent (LCOc1) was last at $51.84, down 1.63 percent on the day.

ASEAN Calls on North Korea to Halt Missile, Nuclear Tests
In the face of Saturday's United Nations sanctions, North Korea remained defiant, saying the UN's move was unwarranted and unfair. The sanctions can work only if North Korean leader Kim Jong Un concludes he has too much to lose by hanging on to his weapons.

I'm not a big man, I'm a small entity, says Prasoon Joshi
Do I have any regrets? "I really do not know how this work is done, but I do understand that it has to be done and done well". Actually, from the time I came in, there have been elements working against me, some of them from within the CBFC.

Miss Martinique disqualifiée pour un tatouage sur l'omoplate — Miss France
Le règlement stipule pourtant que les candidates ne doivent "pas porter de tatouages ou de piercings voyants". Mais pour la grande élection, le subterfuge dont le comité de Martinique était au courant, ne passera pas.

Wall Street swings lower on Trump's warning against North Korea
Investors instead turned to safe-haven assets such as gold, pushing it to a two-month high, and the Japanese yen rose. Shares of Michael Kors ended up 21.5 per cent, after the luxury goods maker raised its full-year revenue forecast.

Wingstop Inc. (NASDAQ:WING) Rating Increased to Hold at BidaskClub
Fortaleza Asset Management Inc. acquired a new stake in shares of Wingstop during the second quarter worth approximately $108,000. Following the completion of the sale, the director now owns 39,750 shares of the company's stock, valued at $1,194,885.

Summit Hotel Properties, Inc. (NYSE:INN) Experiences Heavy Trading Volume
Point72 Asia Hong Kong Ltd acquired a new stake in shares of Summit Hotel Properties during the first quarter valued at $120,000. Equities analysts predict that Summit Hotel Properties, Inc . will post $0.87 earnings per share for the current fiscal year.

"We've had enough": Conservatives relish the "fury" in Trump's talk
One former Republican senator is calling on Congress to use the 25th Amendment to remove President Donald Trump from office. It has become a familiar exercise. "I believe that this idiot over there is trying to make a name for himself", said Mr.

The Alphabet Inc. (GOOGL) Stock Rating Reaffirmed by Barclays PLC
In other Alphabet news, VP James Grier Campbell sold 183 shares of the stock in a transaction that occurred on Thursday, June 1st. COPYRIGHT VIOLATION NOTICE: This piece was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport.