Wednesday, 23 August, 2017

U.S. stocks fall again on North Korea tensions

Shutterstock     
       Swiss stocks were among those under pressure in Wednesday’s trade Shutterstock Swiss stocks were among those under pressure in Wednesday’s trade
Preston Stone | 13 August, 2017, 14:23

U.S. stock indexes opened higher for the first time in four days on Friday after tepid data pointed to benign inflation that could make the Federal Reserve cautious about raising rates again this year, even as concerns lingered over rising tensions between the United States and North Korea.

"Of course it's all come at a time when share markets are due for a correction, so North Korea has provided a ideal trigger", he added.

U.S. stocks have been in retreat since President Donald Trump Tuesday issued a fiery warning to North Korea to halt its nuclear program.

S&P 500 e-minis were up 1.5 points, or 0.06 percent, with 300,073 contracts traded.

More than 430 stocks from all US exchanges hit their lowest levels in 52 weeks or more on Thursday, the most for any session since mid-November right after Trump was elected.

"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.

Investors are increasingly nervous: The VIX volatility index, a closely-watched "fear gauge", is up 70% since Tuesday. Advanced Micro Devices gave up 38 cents, or 3 per cent, to $12.45.

Arsenal offer top attacker contract worth £300000 a week
For us Alexis Sanchez is a loss, of course. "We have all the other players prepared in preseason and they are all ready". Wenger though stressed on the fact that Sanchez remained "focused" on playing for Arsenal this season.

Retailers were all under pressure after Macy's and Kohl's each reported lower second-quarter sales, reviving worries about consumer discretionary stocks. MetLife fell $1.38, or 2.9 per cent, to $46.93, while Synchrony Financial slid $1.01, or 3.3 per cent, to $29.24.

Oil prices rose before a report expected to show USA crude stocks fell for a sixth week. Dillard's slumped 13.8 per cent after the chain booked a loss for the second quarter as increased inventory led to big discounts. Meal kit company Blue Apron plunged 14.6 percent after reporting a decline in customers.

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. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 2 basis points at 2.192 percent.

Charter Communications rose 2.9 percent on news Altice is exploring a bid for the cable giant. It added 39 cents to $49.56 a barrel on Wednesday. South Korea's KOSPI fell 1.8 percent to almost a three-month low.

On the currency front, the United States dollar is trading at 108.82 yen compared to the 109.20 yen it fetched at the close of NY trading on Thursday.

The news was also greeted with dismay by traders in Asia, with Tokyo down 1.3 percent, Hong Kong losing 0.4 percent and Seoul registering a 1.1-percent decline.

MARKETS OVERSEAS: Major indexes in Europe were headed lower. While the German DAX Index has edged down by 0.1%, the French CAC 40 Index and the UK's FTSE 100 Index are both down by 1%.

Recommended

  • U.S.  warship challenges China's claims in South China Sea

    U.S. warship challenges China's claims in South China Sea

    Such delaying tactics, without resorting to major armed conflict, also prevent the escalation of tension in the South China Sea. The United States does not recognize China's claim of sovereignty in that location and regards the area as worldwide waters.
    For First Time, A Kashmir Shutdown In Support Of Indian Constitution

    For First Time, A Kashmir Shutdown In Support Of Indian Constitution

    It empowers the state legislature to define permanent residents and then give them special treatment, privileges and rights. The Union government has rightly parted ways with the state government in front of the Supreme Court.

    Rite Aid Corporation (RAD) Getting Somewhat Positive Media Coverage, Analysis Shows

    AQR Capital Management LLC owned about 0.11% of Rite Aid Corporation worth $4,845,000 as of its most recent filing with the SEC. Institutional investors now hold around $1.37 billion or 59% in RAD stock. 166 funds opened positions while 593 raised stakes.
  • Microsoft unveils Coco Framework, aimed at boosting blockchain

    Microsoft unveils Coco Framework, aimed at boosting blockchain

    One of the other key enterprise blockchain problems that the framework aims to solve is that of access controls for transactions. Microsoft's open source Coco Framework helps businesses build more confidential and scalable blockchain tools and services.
    Gold buoyed by North Korea tensions, United States  inflation data

    Gold buoyed by North Korea tensions, United States inflation data

    US crude (CLc1) was unchanged at $48.59 per barrel and Brent (LCOc1) was last at $51.84, down 1.63 percent on the day. Ongoing global glut concerns lingered in oil markets despite a bigger-than-expected draw in USA crude inventories.
    Dow loses more than 100 points amid North Korea tensions

    Dow loses more than 100 points amid North Korea tensions

    Data storage company Seagate Technology (STX) is posting a standout gain within the hardware sector, climbing by 2.1%. The Nasdaq and the S&P 500 are rebounding after ending Thursday's trading at their lowest closing levels in a month.
  • English Primer League: Saints start Pellegrino era with Swansea stalemate

    English Primer League: Saints start Pellegrino era with Swansea stalemate

    We controlled the ball, created chances but this is football - you have to get goals and we couldn't do so", he said. Naturally, Pellegrino isn't fully satisfied with the performance, as he relayed to the Southampton media team .
    Trump's Talk of 'Military Option' in Venezuela May Bolster Maduro's Hand

    Trump's Talk of 'Military Option' in Venezuela May Bolster Maduro's Hand

    Venezuelan officials had earlier accused the USA of planning an invasion. "Military Options" in Latam and the Caribbean". The National Electoral Council (CNE) was asked by the assembly to set the exact date for the governors' election.

    Federer on track for fourth Montreal title

    The pair met in a Davis Cup World Group play-off in 2012 with Federer winning 6-1, 6-4, 6-4. Federer will now play another Spaniard, Roberto Bautista Agut , in the quarter-finals.
  • Justin Upton hammers walk-off two-run home run

    Justin Upton hammers walk-off two-run home run

    Joe Mauer cleared the bases with a double to get the Twins on the board and Eddie Rosario crushed a game-tying homer. Reliever Daniel Stumpf gave up an RBI single to Jason Castro in the fifth, giving Minnesota an 8-6 lead.
    Braille book offers unique look at eclipse

    Braille book offers unique look at eclipse

    If you would like to see 100% totality , you will have to travel roughly 280 miles from Roanoke or a little under 4.5 hours. The most anticipated celestial event the United States has waited to see for over a century will occur Monday Aug. 21.
    Matsuyama feels pressure as he eyes major for Japan

    Matsuyama feels pressure as he eyes major for Japan

    He made his par putt on the 17th hole and then sprinted to the 18th tee and promptly knocked his tee shot down the middle. McGirt will stay in the Tar Heel state for next week's Wyndham Championship in Greensboro at Sedgefield Country Club.

Anna Paquin reacts to BBC news showing her breasts on air Anna Paquin reacts to BBC news showing her breasts on air Anna Paquin has solved the mystery of just whose bare breasts were accidentally broadcast live during the BBC's News at Ten. The network has yet to determine how the scene kept playing behind news presenter Sophie Raworth.

USA's Emma Coburn, Courtney Frerichs Pull Off Historic Steeplechase Gold, Silver USA's Emma Coburn, Courtney Frerichs Pull Off Historic Steeplechase Gold, Silver Coburn lowered her American record and set a new world championship record with her 9:02.58 victory. Just her compatriots Celliphine Chespol and Hyvin Kiyeng Jepkemoi were faster this year.

Pulis signs new two-year West Brom deal Pulis signs new two-year West Brom deal Pulis has introduced youngsters such as Sam Field and Jonathan Leko to the West Brom first team during his time in charge. New signing Ahmed Hegazi flourished as West Bromwich Albion made a winning start to their Premier League campaign.

Iran's parliament votes to increase missile funds following U.S. sanctions Iran's parliament votes to increase missile funds following U.S.  sanctions The deal eased sanctions on Iran in exchange for curbs to its nuclear programme and was endorsed by a United Nations resolution. President Donald Trump signed legislation to impose fresh sanctions on Iran over its ballistic missile programme in July.

Rihanna's Embracing Her Curves, and Why You Should Too Rihanna's Embracing Her Curves, and Why You Should Too It's been two days since Rihanna took social media by storm after posting her eye-popping selfies from Crop Over carnival online. Rihanna's fans slammed the Young Money artist by telling her that Lil Kim is the original blue-wig-wearing superstar.

'Game of Thrones' Cave Painting Holds a Clue About Jaime 'Game of Thrones' Cave Painting Holds a Clue About Jaime It's hardly a picnic elsewhere in the Seven Kingdoms, as we see Cersei looking contemplative on her bed. Titled " Eastwatch ", next week's episode will see the aftermath of the tragic Loot Train Attack .

Federer beats Haase, meets Zverev in Montreal final Federer beats Haase, meets Zverev in Montreal final Bautista Agut fought back from a set down and out-lasted Frenchman Gael Monfils 4-6 7-6 (7/5) 7-6 (7/2) in just under three hours. He won 16 straight victories to equal his longest win streak since 2012 and 15 straight at Masters.

Police release CCTV of 83-year-old dog walker stabbed to death Police release CCTV of 83-year-old dog walker stabbed to death The first is a white male, aged over 50, of slim build with pale skin, heavy dimmed glasses and white coloured pants . One aged 25 to 30, with tanned skin, was wearing a grey or blue t-shirt, grey gym shorts and heavy-duty flip flops.

Is Angelina Jolie and Brad Pitt's divorce off the cards? Is Angelina Jolie and Brad Pitt's divorce off the cards? A source told DailyMail.com: 'Brad didn't touch a drop of alcohol all weekend and stuck to drinking English breakfast tea. Brad Pitt and Angelina Jolie reportedly may be maintaining silence on reunion rumors in order to protect their six kids.

Amber Heard and Elon Musk speaks out about break up Amber Heard and Elon Musk speaks out about break up Musk , 46, isn't one to dial down expectations or stay away from painting colorful imagery of his products. The automaker's debt load increased significantly past year when it bought solar panel maker SolarCity .

Aggressive Federer cruises to semi-finals in Montreal Aggressive Federer cruises to semi-finals in Montreal He saved the first with an ace but Ferrer made no mistake with his second set point, converting to take the opener 6-4. He let a set point slip away with Ferrer serving at 3-5, but Federer served out the second set in the 10th game.

Nats' Harper leaves game with apparent left knee injury Nats' Harper leaves game with apparent left knee injury Saturday's game was delayed three hours with more inclement weather and the rain conditions came into play right away. The series opener Friday was postponed after a lengthy rain delay to be a part of a day-night doubleheader Sunday.

Ivan Perisic to Manchester United Ivan Perisic to Manchester United Reigning Premier League champions Chelsea will open the defence of their crown at home to Burnley on Saturday. I think "no" but it depends on money.

Kylie Jenner Tried to Buy Fake Kylie Cosmetics Lip Kits Kylie Jenner Tried to Buy Fake Kylie Cosmetics Lip Kits In 2013, Kylie and sister Kendall Jenner , then 15 and 17, sparked rumors they had been drinking illegally at a 21-and over club. The clip is, of course, an excerpt from the next episode of Life of Kylie , but it definitely makes an important point.

Judge Dismisses School Sex Charges Judge Dismisses School Sex Charges Thompson cited student-teacher sex laws in other states that he believes are constitutional. Until the ruling goes up for appeal, it will not be binding for other cases in the state.