Wall St set to open flat after inflation data, N.Korea tensions
13 August, 2017, 15:39 | Author: Terri Saunders
The Dow Jones industrial average lost 0.15 percent, with the tech-heavy Nasdaq composite index declining 0.21 percent. The Nasdaq composite fell 45 points, or 0.7%, to 6,324. Oil prices were headed higher.
Investors opted for the perceived safety of US Treasuries, which pushed the yield on the 10-year note three basis points lower to 2.21%. The stock fell $1.01 to $22.02.
Escalating tensions around Pyongyang's nuclear ambitions sent a shiver through markets worldwide and pushed the dollar to below 109.7 yen in afternoon forex trade to an eight-week low against the safe haven currency, piling more pressure on Japanese stocks.
The market slide accelerated slightly in the last half-hour of trading as President Donald Trump denounced North Korea's nuclear program.
"There seems to be a heightened fear of an escalation", said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey.
"That may have weighed a little bit" on markets, said Phil Guarco, global investment specialist at J.P. Morgan Private Bank. Small-company stocks fell more than the rest of the market. The slide deepened after Trump's remarks on North Korea aired.
Simmering tensions between the US and North Korea were also weighing on the market. "When earnings are not beating expectations there's a sell off in the companies, and we're just not seeing that money reinvested because of the geopolitical risks".
Priceline Group slid 6.9 percent after the online travel booking service issued a profit forecast that was weaker than analysts were expecting. The stock fell $3.30 to $30.09.
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".
High-flying technology names suffered outsized losses on the day, with Apple falling 3.2 percent, Amazon 2.6 percent and Facebook 2.2 percent.
Biotechnology, tobacco, and transportation stocks also saw considerable strength, while steel stocks extended a recent move to the downside.
Retailers Wal-Mart (WMT), Home Depot (HD), Target (TGT), Staples (SPLS), and Gap (GPS) are also among the companies due to report their quarterly results next week. Wall Street was poised for a soft opening with S&P futures and Dow futures both down 0.2 percent. TripAdvisor shares shed $2.70, or 6.8 percent, to $36.85.
Shares in several other big media companies also declined.
Nvidia's NVDA.O quarterly revenue in its data center and automotive businesses missed estimates, dragging the chipmaker's shares down 5.43 percent.
Benchmark U.S. crude added 39 cents to settle at $49.56 a barrel on the New York Mercantile Exchange. Brent crude, the worldwide standard, lost 23 cents to $52.14 a barrel in London.
The local currency was trading at 1,135.20 won against the USA dollar, down 10.10 won from the previous session's close. Silver gained 14 cents to $16.39 an ounce.
The leader of " Arsenal " Alexis Sanchez could become the highest paid player in the English Premier League . Arsene Wenger expects the injured Alexis Sanchez to miss Arsenal's opening two Premier League fixtures.
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.
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.
Along with a second-degree murder charge , Mr Fields faces three counts of malicious wounding and one count of leaving the scene. The auto ramming killed a 32-year-old woman and wounded 19 people, including some with life-threatening injuries.
As part of its defenses on Guam, the United States installed a Terminal High Altitude Area Defense system in 2013. Guam's Homeland Security Adviser George Charfauros urged calm and said defenses are in place for such threats.
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.
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.
Ambassador Nikki Haley "has [gained] diplomatic traction" and "is gaining diplomatic results", according to the BBC. The North was responding to Trump's threat in a statement from its military carried by state-run news agency KCNA.
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.
Game of Thrones has released a new batch of photos ahead of episode five " Eastwatch " - and there's no Jaime Lannister in sight. And although Drogon and some of his flames might've been added in post, much of what we see is real.
Kedah High Court rejects bid to free Phee
On Thursday, MACC officers seized documents related to the Kampung Sungai Lembu factory from the Seberang Prai Municipal Council. Earlier, Dev told reporters that the magistrate in Penang did not hear their submissions before setting the remand order.
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.
Yanks place Tanaka on 10-day DL
Having gone just four innings while issuing five free passes in his last start, it's clear that this issue has come up just recently for Tanaka.
Stocks in Europe and Asia Slip as North Korea Tensions Rise
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.
Investors rush to gold following rising North Korea tensions
The Japanese currency last traded at 109.07 yen to the dollar, compared to levels around the 110 handle seen earlier in the week. Crude oil futures are slipping USD0.10 to USD48.49 a barrel after tumbling USD0.97 to USD48.59 a barrel on Thursday.
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.