Wall Street rises on inflation data but on track for weekly losses
13 Août, 2017, 07:17 | Author: Marc Bacque
"The escalation of the geopolitical situation between the USA and North Korea is beginning to rattle investors' nerves as was witnessed in the VIX index yesterday", said Peter Cardillo, chief market economist at First Standard Financial.
At 10:57 a.m. ET (1457 GMT), the Dow Jones Industrial Average .DJI was up 54.38 points, or 0.25 percent, at 21,898.39, the S&P 500 .SPX was up 8.69 points, or 0.35 percent, at 2,446.90.
Tillerson's tone was in sharp contrast to that of USA president Donald Trump, who warned on Tuesday any North Korean threat to the U.S. would be met with "fire and fury".
In the first four days of the week, the Standard & Poor's 500 index swung from marking its latest record high to posting its biggest single-day drop in almost three months. A batch of disappointing company earnings also helped pull the market lower, with consumer-focused companies and technology stocks among the biggest decliners.
The Toronto Stock Exchange's S&P/TSX composite index fell 143.08 points to 15,074.25, with almost all of its sectors moving lower. Pyongyang said it was examining plans for attacking Guam, a US territory in the Pacific with a military base. "I think a few investors are capitulating to it".
The Nasdaq Composite was down 115.35 points, or 1.82 percent, at 6,236.98.
Most large-cap stocks fell across the board. The FTSE 100 index of leading British shares was 0.6 percent lower.
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.
MARKETS OVERSEAS: In Europe, Germany's DAX was down 1.1 percent, while France's CAC 40 fell 1.4 percent. Apple was down 2.3 percent, weighing most on the index.
Data showed USA 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.
Investors also drew some encouragement from new government data showing US inflation at the consumer level inched higher last month.
In other news, USA wholesale inflation dropped in July, the first contraction in almost a year and another data point that could weaken the case for the Federal Reserve to raise the benchmark interest rate again later this year.
"This inflation data for the month was not good".
The U.S. Treasury market rallied, with the benchmark 10-year yield shedding 3 bps to 2.21%. Brent crude, used to price worldwide oils, gained 29 cents to $52.43 in London.
Pyongyang's media outlet said America was making "desperate efforts" to test weapons in the Korean peninsula. Nikki Haley called it "the most stringent set of sanctions on any country in a generation".
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.
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.
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.
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 latest sell-off was the most severe yet, amounting to the biggest single-day drop for the stock market in almost three months. USA stocks moved lower in morning trading Wednesday as traders weighed the growing tensions between the US and North 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.
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.
TRADEMARK VIOLATION WARNING: This story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. The company presently has a consensus rating of "Hold" and a consensus target price of €87.63 ($103.09).
( 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".
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Finally, ZWJ Investment Counsel Inc. purchased a new stake in Banco Bradesco SA during the first quarter valued at about $157,000. Eqis Capital Management Inc.'s holdings in Banco Bradesco SA were worth $183,000 as of its most recent filing with the SEC.
Guardiola: City Spending Cannot Be Sustained
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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.
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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.