Wall St set to open flat after inflation data, N.Korea tensions

13 Août, 2017, 19:08 | Author: Marc Bacque
  • Wall St set to open flat after inflation data, N.Korea tensions

The S&P 500 dropped 1.4% to 2438.21, while the Dow Jones Industrial Average fell 204.69 points, or 0.9%, to 21,844.01.

The index was showing signs of Greed just two days ago while the Dow was in the midst of a winning streak that included nine straight record highs.

The Standard & Poor's 500 index fell 8 points, or 0.4 percent, to 2,466 as of 2:45 p.m.

By 3.08pm, the FTSE 100 had fallen by 121 points or 1.6% and was on track for its worst day since April, also pressured by losses in the commodity sector and disappointing British export figures.

The Nasdaq composite fell 13.31 points, or 0.2 percent, to 6,370.46.

Trump had told North Korea to not "make any more threats" to the US or the country "will be met with fire and fury like the world has never seen".

ANALYST'S TAKE: "The tensions between North Korea and the U.S.is an excuse for profit-taking", Seo Sang Young, an analyst at Kiwoom Securities. The yield on the 10-year Treasury note fell to 2.22 percent from 2.26 percent late Tuesday.

To that end, gold prices shot up to near $1,300 an ounce - their highest level in several months.

The S&P 500 index had its biggest one-day drop in nearly three months on Thursday as investors fled riskier assets, with technology stocks leading the charge, in response to an increasingly aggressive exchange of threats between the United States and North Korea. Twenty-First Century Fox gave up 46 cents, or 1.6 percent, to $27.57.

Computer hardware, semiconductor, and retail stocks are also seeing considerable weakness, while gold stocks are among the few groups bucking the downtrend.

PSG. Piqué savait que Neymar allait partir quand il a tweeté
Sans oublier l'immense somme d'argent qui a gonflé le compte en banque, " il est parti en laissant de l'argent dans les caisses ". A entendre le compagnon de Shakira, Neymar est d'ailleurs " unique au monde " et " il n'y a pas de remplaçant sur le marché ".

Pique: 'I knew Neymar was leaving when I sent 'se queda' tweet'
During his four years at the Camp Nou, Neymar won two La Liga titles, the Champions League and three Copas del Rey. I know that he has his reasons, they could be financial, or it could be to be the best player in the world.

Traders Alert on Luxoft Holding, Inc. (LXFT)
The software maker reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by $0.05. Zacks Investment Research cut Luxoft Holding from a "hold" rating to a "sell" rating in a research note on Friday, May 26th.

Shares of Walt Disney were down 4.23 per cent, the biggest drag on Dow, as investors doubted whether the company can succeed with its plan to launch its own streaming services rather than rely on Netflix to reach online viewers.

On the currency markets, sterling rose 0.2% to flit around the 1.30 USA dollar mark, with the greenback falling in response to the latest U.S. inflation data.

The market indexes wavered between small gains and losses for much of the morning, then veered lower by afternoon.

Bond prices were little changed.

Separately, US producer prices unexpectedly fell in July, recording their biggest drop in almost a year, weighed down by declining costs for services and energy products.

Focusing on United Kingdom stocks, Old Mutual was among the biggest fallers after saying it was taking a "cautious" approach to the dividend despite hiking half-year profits. Hong Kong's Hang Seng added 0.6%.

US crude oil futures settled almost 2 per cent lower at $48.59 a barrel, as Russian Federation considered a future output resumption and the Organization of the Petroleum Exporting Countries boosted its July production numbers.

MARKETS ABROAD: In Europe, Germany's DAX rose 0.3%, and France's CAC 40 gained 0.2%. Copper rose 4 cents to $2.94 a pound.

CURRENCIES: The dollar fell to 109.96 yen from 110.48 yen late Tuesday.


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Championship leader Marc Marquez claims third straight pole in Austria
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