TSX hits 1-month low on risk aversion, lower oil prices

13 Août, 2017, 07:11 | Author: Marc Bacque

The U.S. equity market is hovering near record levels and volume has been tepid following the onset of summer.

Shares of health care equipment and services company Henry Schein Inc. declined amid a broader slide by health care stocks.

The mounting tensions between North Korea and the U.S. took its toll on the market for the third day in a row.

The Standard & Poor's 500 index fell 24 points, or 1 percent, to 2,449 as of 2:16 p.m. The Dow Jones Industrial Average slid 204.69 points, or 0.9 percent, to 21,844.01, just shy of its low point for the day.

The Nasdaq Composite was up 34.61 points, or 0.56 percent, at 6,251.48. The Russell 2000 index of smaller-company stocks gave up 19 points, or 1.4 percent, to 1,377.

USA stocks moved lower in morning trading Wednesday as traders weighed the growing tensions between the US and North Korea.

Trump was responding to North Korea's claim it was completing plans to fire four intermediate-range missiles over Japan to land near the US Pacific territory of Guam.

United States equities steepened their losses late in the session after President Donald Trump said his earlier warnings to North Korea may not have been tough enough. The back and forth put investors in a selling mood for the third day in a row.

Korean stocks down 1.1 pct on heightened tensions over N. Korea
The pan-European FTSEurofirst 300 index lost 0.77 percent and MSCI's gauge of stocks across the globe shed 0.37 percent. Pan American Silver Corp, which reported second-quarter results late Wednesday, rallied 10.7 percent to C$22.47.


Guardiola: City Spending Cannot Be Sustained
The post Guardiola: I'm Not Under Pressure, City Won't Spend Big Again appeared first on Complete Sports Nigeria . This should also be the season for John Stones , who certainly didn't do what he was bought to do last season.


After losing ride, NASCAR's Kasey Kahne looking forward to the future
( Byron) "Opportunities like this, you never know when they're gonna come, and I feel like I can learn on the fly ". Because I've enjoyed it for so long and I've lived so numerous highs of the Cup Series".


THE QUOTE: "The market has been looking for an excuse to sell off and North Korea and the president gave the market that excuse", said David Schiegoleit, managing director at the U.S. Bank Private Client Wealth Management. Titled "Reckless game over the Korean Peninsula runs risk of real war", the editorial suggested China will stay neutral if North Korea strikes first, but will intervene if the U.S.is the first mover.

The latest sell-off was the most severe yet, amounting to the biggest single-day drop for the stock market in almost three months. MetLife fell 75 cents, or 1.6 percent, to $47.56, while Charles Schwab slid 69 cents, or 1.6 percent, to $41.33. Banks and retail chains were also among the big decliners. Macy's was down 9.7 percent after the company said its sales continued to decline in the second quarter. The stock lost $2.36, to $20.67.

Technology stocks, the biggest gainers this year, led Thursday's market slide. Its shares tumbled $11.35 to $61.99. Netflix also fell, giving up $4.57, or 2.6 percent, to $173.79.

UNDERCOOKED: Blue Apron slumped 17.1 percent after the meal kit seller reported a sequential decline in customers in the second quarter due to a planned reduction in marketing. The trend appeared to overshadow strong quarterly revenue growth in the quarter. The euro fell to $1.1728 from $1.1757.

Bond prices were little changed. "I think before the end of the year the market goes to new highs and (Treasury) yields go higher". Oil prices were headed higher. Brent crude, used to price global oils, slid 52 cents, or 1 percent, to $52.18. Biotech companies Celgene and Amgen lost 3.8 percent and 2.6 percent, respectively.

METALS: Gold added $10.80, or 0.8 percent, to settle at $1,290.10 an ounce. Copper fell 2 cents to $2.90 a pound. The major index futures are now pointing to a modestly higher open for the markets, with the Dow futures up by 21 points.

Gold added $10.80, or 0.8 percent, to settle at $1,290.10 an ounce. Britain's FTSE 100 sank 0.7 per cent to 7,447.21. Hong Kong's Hang Seng was off 0.3 percent. Both the core and headline rates are expected to have risen by 0.2 percent during July.

Excluding food and energy prices, core consumer prices still crept up by 0.1 percent in July, matching the increases seen in the three previous months.

Conseillé:

  • TransUnion (TRU) Updates Q3 Earnings Guidance

    Following the completion of the transaction, the insider now owns 276,284 shares of the company's stock, valued at $12,559,870.64. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock.
    Woman shot through bedroom window in Summerdale

    Woman shot through bedroom window in Summerdale

    The victim called 911 and was transported to Aria Torresdale Hospital by responding officers. It happened on the 8500 block of Summerdale Avenue just after midnight on Saturday.
    Air quality alert issued by Montana DEQ

    Air quality alert issued by Montana DEQ

    When air quality is Unhealthy for Sensitive Groups, people with heart or lung disease, children and the elderly should limit prolonged outdoor exertion.
  • Man United's Mourinho: Prem title more realistic than last season

    Man United's Mourinho: Prem title more realistic than last season

    Team Guardiola very productive, and probably will try to drive a few goals into the gate of the hosts. United were the lowest scorers of the Premier League's top seven last season with just 54.
    Wall Street lower on US-North Korea tensions

    Wall Street lower on US-North Korea tensions

    The Canadian dollar was trading at 78.64 cents USA , down from an average price of 78.71 cents U.S. on Wednesday. Disappointing quarterly results from big department store chains also weighed down the market.
    Sanchez hit hard in Tigers loss to Twins

    Sanchez hit hard in Tigers loss to Twins

    Max Kepler and Eddie Rosario drove in three runs apiece as the Minnesota Twins dumped the Detroit Tigers , 9-4, in Detroit . But in the ninth inning, the end came quickly: Mikie Mahtook stroked a single into right field on Belisle's third pitch.
  • PAC-3 systems deployed in case missiles stray off course to Guam

    PAC-3 systems deployed in case missiles stray off course to Guam

    Prime Minister Shinzo Abe also renewed his pledge Saturday morning to prevent any accidents related to the North's warned launch.
    East Tennessee's Schubert advances to US Women's Am Championship

    East Tennessee's Schubert advances to US Women's Am Championship

    Women's Amateur Championship on Saturday and hope to end long droughts in Sunday's 36-hole final at the San Diego Country Club. Sophia Schubert and Albane Valenzuela advanced to the finals of the 117th U.S.
    Army to deploy robots to fight terrorists in Kashmir

    Army to deploy robots to fight terrorists in Kashmir

    The defence ministry has sanctioned the proposal, which suggested a requirement of 544 robots, army officials reportedly said. The Indian Army could soon turn to robots for help against stone-pelting mobs and terror attacks in the Kashmir Valley.
  • The English Premier League opening week

    The English Premier League opening week

    Tottenham finished runner-up last season despite allowing the fewest goals in the league (26) and scoring the most (86). Liverpool , trying to fend off Barcelona s interest in 100 million-rated forward Philippe Coutinho, are at Watford.
    Kesha Shares Official Video for New Song 'Rainbow'

    Kesha Shares Official Video for New Song 'Rainbow'

    The two have been at war, though, since Kesha claimed the producer drugged, sexually abused and psychologically tormented her. The touching piano song " with lyrics like "no more monsters, I can breathe again" " showcases a newer, stronger Kesha.
    Iamgold Corporation (IAG) Stock Rating Reaffirmed by Royal Bank Of Canada

    Iamgold Corporation (IAG) Stock Rating Reaffirmed by Royal Bank Of Canada

    Finally, AQR Capital Management LLC boosted its stake in shares of Iamgold Corporation by 280.7% in the fourth quarter. On average, equities research analysts expect that Iamgold Corporation will post $0.04 EPS for the current year.


Populaire

Sead Kolasinac's defending was 'irresponsible' against Leicester City, says Gary Neville
As for the visitors, the Foxes have also handed a club debut to centre-back Harry Maguire following his move from Hull City. Gary Neville lambasted new Arsenal defender Sead Kolasinac for his "irresponsible defending" against Leicester City .

James Shaw resets Green Party on path to Government
Mr Shaw announced a number of changes for the Greens, including running a positive campaign and the reused slogan. Instead they will use the slogan "Love New Zealand", which was the party's slogan in 2014.

Dead, Including 2 Children, In Grand Prairie Crash
The vehicle rotated sideways and collided with a concrete light pole between the freeway and the off-ramp. Gomez was taken to another hospital in Dallas, where he's listed in serious but stable condition.

Rights Abuses: Osinbajo inaugurates panel to investigate armed forces, others
The nine-man panel, which is chaired by justice Biobele Georgewill, was inaugurated at the Aso rock villa Abuja on Friday. This comes days after the Acting President appointed a 7-man Judicial Commission headed by Justice Biobele A.

USA stocks fall again on North Korea tensions
The single-session equity put/call ratio jumped to 0.83 - the highest since April - and the 21-day moving average rose to 0.65. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, popped almost 11 percent to 11.02.

American Railcar Industries, Inc. (NASDAQ:ARII) Rating Increased to Hold at BidaskClub
The Company designs and manufactures railcars and a range of components for the North American railcar and industrial markets. The transportation company reported $0.62 earnings per share for the quarter, hitting analysts' consensus estimates of $0.62.

Writer Hired For How I Met Your Mother Spin-Off
How I Met Your Mother is one of those shows we all fell in love with, and all felt heartbroken over when it came to an end. Bennett had been marked for consideration earlier this year when 20th Century TV's took on the spin-off idea once more.

Calgon Carbon Corporation (CCC) Receives $17.40 Consensus Target Price from Analysts
Louisiana State Employees Retirement System raised its stake in shares of Calgon Carbon Corporation by 0.5% in the second quarter. Norges Bank bought a new position in shares of Calgon Carbon Corporation during the fourth quarter valued at about $8,245,000.

Aaron Nola continues to shine as Phillies top Mets
After a sacrifice bunt by Nola, Hernandez and Freddy Galvis found holes and delivered a pair of ground-ball hits to score runs. The Mets rebuild is centered around their starting pitching, which has been their downfall this season and last.

Will Twitter Suspend Donald Trump's Account? Kal Penn Wants To Know
Trump's approval rating in the daily Gallup presidential tracking poll now stands at just 37 percent. In return, North Korea threatened to strike a USA base on Guam , its most specific threat so far.