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.
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.
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 .
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.
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.
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.
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.
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.
Chinese government-backed scholars said Beijing is deeply concerned about the latest statements from Trump and North Korea. The way to avert a war with North Korea is to have a conversation, and that's not happening, Hecker said.
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.
Zacks Investment Research cut shares of Clovis Oncology from a "buy" rating to a "hold" rating in a report on Thursday, July 13th. First Mercantile Trust Co. bought a new position in shares of Clovis Oncology during the first quarter worth about $115,000.
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.
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.
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.
Tesla Inc. (TSLA) Stock Rating Reaffirmed by Guggenheim
The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.50 billion. The fund owned 714 shares of the electric vehicle producer's stock after selling 115 shares during the period.
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.
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.
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.