Stocks Regain Ground But Still Close Lower For The Week
13 August, 2017, 15:24 | Author: Terri Saunders
Wall Street rebounded on Friday and ended on a good note in a hard week marked by increasing geopolitical tensions: the Dow Jones has taken 0.1% and the Nasdaq up 0.6 per cent. Bond and gold prices, traditional havens for nervous investors, were little changed, and the VIX, a measure of how much volatility investors expect in stocks, fell 3.3 percent following a 44.4 percent jump the day before.
"Given the great run we've had, seems like some sort of pullback wouldn't be surprising", said Michael Baele, managing director of investments at U.S. Bank Private Wealth Management.
The dollar skidded to an eight-week low against the yen on Friday as escalating tensions between the United States and North Korea triggered yet more investor flight to safety. While the German DAX Index closed just below the unchanged line, the U.K.'s FTSE 100 Index and the French CAC 40 Index both tumbled by 1.1 percent.
FIRE AND FURY: Keeping up his tough talk, Trump told reporters that North Korean leader Kim Jong Un's government should "get their act together" or face extraordinary trouble, and suggested his earlier threat to unleash "fire and fury" on North Korea was too mild.
US stocks headed lower in early trading Wednesday, Aug. 9, 2017, as traders weighed the growing tensions between the USA and North Korea.
"The war of words between the leaders of the US and North Korea continues to dominate investor sentiment", said Forex.com technical analyst Fawad Razaqzada. The Russell 2000 index of smaller-company stocks picked up 1.69 points, or 0.1 percent, to 1,374.23.
The dollar was down 0.53 percent against the yen at 109.48 yen, after briefly dropping as low as 109.53.
The S&P was, however, on track to post its biggest weekly loss in about five months and the Dow on course to record its biggest weekly fall in almost four months.
In an apparent response to Trump's tweet, a statement issued by North Korea's official KCNA news agency claimed the president is "driving the situation on the Korean peninsula to the brink of a nuclear war".
Spot gold added 0.7 percent to $1,286.00 an ounce.
An index of 15 gold miners tracked by Bloomberg Intelligence climbed 1.1 percent, led by Toronto-based Yamana Gold Inc. The stock is up 54% so far this year.
Investors bought bonds after the Labor Department said the consumer-price index increased 0.1% in July from the previous month.
Within the internet sector, Synacor (SYNC) fell sharply after the internet content provider reported better than expected second quarter results but provided disappointing guidance. South Korea's Kospi lost 1.7 percent, while Hong Kong's Hang Seng slid 2 percent. The Japanese markets were closed for a holiday. It was last up 1.2% at 1.1305 per euro. The yield on the 10-year Treasury note slipped to 2.19 percent from 2.20 percent late Thursday. Australia's S&P/ASX 200 dropped 1.2 percent to 5,693.10.
Shares in several other big media companies also declined.
Crude oil prices extended their slide as exports from key OPEC producers rose, despite news of lower crude shipments from Saudi Arabia.
Besides that, today the area of interest will be how India's own chinaman Kuldeep Yadav bowls on a pitch offering slow turn. For Sri Lanka , Pushpakumara scalped 3 wickets , while Sandakan took 2 wickets and Fernando one.
In commodities, US. crude fell 0.67 per cent to $49.23 per barrel and Brent was last at $52.58, down 0.23 per cent on the day. Inflation has risen 1.7 percent over the past 12 months, suggesting that inflation pressures remain well under control.
The soldier reportedly used blocks of Styrofoam as floats for his back and shoulders to survive the risky swim. At least one of the soldiers defected after hearing South Korean loudspeaker broadcasts at the border.
After touching a more than two-month high at US$1,291.86, spot gold last added 0.2 per cent to US$1,288.81 an ounce. Pyongyang said it was examining plans for attacking Guam, a US territory in the Pacific with a military base.
Minnesota Twins shortstop/third baseman Eduardo Escobar is not in the starting lineup on Saturday against the Detroit Tigers . Down 11-7, after blowing a 5-0 lead, the Tigers scored three times in the bottom of the eighth to make a game of it.
Commenting on the incident, Mandi deputy commissioner Sandeep Kadam said the possibility of more deaths could not be ruled out. Himachal Transport minister GS Bali said the toll could climb to 50 in the incident which took place last night.
The idea could be a possibility in the near future, as Paris mulls esports as an addition to the 2024 Olympic games . But we won't know if eSports will be in the branches until after the Tokyo Games, that is 2020.
Housebuilders Persimmon and Barratt Developments were among the biggest gainers of the day, up 1.58% and 1.02% respectively. In oil, the price of Brent crude sunk by 0.5% to 51.65 USA dollars a barrel amid concerns about over supply in the market.
Geological Survey said the quake Sunday morning had a magnitude of 6.4 and occurred at a depth of 35 kilometers (21 miles). Channel NewsAsia received calls from residents in Singapore living in Toa Payoh and Farrer Road saying they felt tremors.
Mannarino became the fourth established ATP player this week to fall at the hands of the 18-year-old left-handed Canadian. He saved the first with an ace but Ferrer made no mistake with his second set point, converting to take the opener 6-4.
While the French CAC 40 Index fell by 0.6%, the German DAX Index slumped by 1.1% and the UK's FTSE 100 Index plunged by 1.4%. Declining issues outnumbered advancing ones on the NYSE 6-to-1; on Nasdaq , a 3.60-to-1 ratio favored decliners.
US Will Talk to N. Korea if it Stops Missile Tests
In the face of Saturday's United Nations sanctions, North Korea remained defiant, saying the UN's move was unwarranted and unfair. On preconditions for reopening talks with North Korea, Tillerson said "we'll know it when we see it".
US stocks slip amid heightened US-North Korea tensions
While the UK's FTSE 100 Index slid by 0.6%, the German DAX Index slumped by 1.1% and the French CAC 40 Index tumbled by 1.4%. Crude futures meanwhile extended losses on fears of slowing demand and lingering concerns over global oversupply.
Dow plummets 205pts as Trump inflames Korea tension
Retailers slid after department stores Macy's and Kohl's both said same-store sales continued to decline in the second quarter. Investors are increasingly nervous: The VIX volatility index, a closely-watched "fear gauge", is up 70% since Tuesday.
Heading to OR for the solar eclipse? Better plan ahead
He explains that, whenever the Earth, moon and sun align to form a solar eclipse , the event is visible somewhere on Earth. Make sure you don't directly look at the sun during the eclipse unless you have special eye protection.