Geopolitical Concerns Lead To Weakness On Wall Street
10 August, 2017, 00:10 | Author: Darrell Baldwin
The broad-based Stoxx Europe 600 stock index dropped 0.5 percent in early trading, with key indices, such as Britain's FTSE 100, Germany's DAX and France's CAC all down 0.5 percent or more.
U.S. stocks clawed back losses late on Wednesday as investors appeared to brush off geopolitical concerns after falling in the wake of U.S. President Donald Trump's "fire and fury" warning to North Korea.
After a dip of as much as 0.52 percent earlier in the day, Wall Street's three major indexes bounced off intraday lows.
Pyongyang has made no secret of its plans to develop a nuclear-tipped missile able to strike the United States, which it says are a legitimate means of defence against perceived USA hostility, including joint military drills with South Korea. Hours later, North Korea said it was considering launching missiles at Guam.
The Nasdaq Composite was down 16.88 points, or 0.26 percent, at 6,353.58.
Late Tuesday, North Korea had said it was considering plans to fire missiles at Guam, a US territory, after Trump's warning earlier in the day. More than 70 percent of S&P 500 companies that had reported posted better-than-expected earnings while 69 percent have beaten of sales, according to data from Thomson Reuters I/B/E/S.
Considerable weakness is also visible among tobacco stocks, as reflected by the 1.1% drop by the NYSE Arca Tobacco Index.
The Dow snapped a ten-day winning streak, including nine consecutive record highs.
US 30-year bond yields slid to a six-week trough of 2.790 percent, compared with 2.867 percent late on Tuesday.
Ten out of the 11 major S&P 500 sectors ended lower after the comments with the only gains seen in the utilities sector .SPLRCU , which is seen as a bond proxy because of its slow but predictable growth and dividends.
Office Depot tumbled 22.4 percent after the office supplies retailer's quarterly results came in below estimates. The Dow slid 0.2 percent to 22,085.34.
BONDS: Bond prices fell. September-dated crude futures settled up 0.8%, or 39 cents, at $49.56 per barrel.
About 6.22 billion shares changed hands on USA stock exchanges, slightly above the 6.15 billion average for the last 20 sessions. The euro fell to $1.1760 from $1.1793. Japan's Nikkei 225 slipped 0.3 percent, while Australia's S&P/ASX 200 lost 0.5 percent. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 5.8 basis points at 2.225 percent. Hong Kong's Hang Seng added 0.6 percent.
Pakistan and India had declared ceasefire in 2003 along the LoC, which divide both nuclear rivals in Kashmir. He said that Pakistani forces violated the ceasefire in the Baba Khori belt of Naushera sector.
On June 1, a task force was formed by the Chicago police, IL state police and the ATF to combat the gun violence in the city. The mayor said the city won't be " blackmailed " into changing its values as a welcoming city .
More recently, two US troops were injured when a Marine MV-22 made a "hard landing" during an operation in Yemen in January. The Osprey aircraft was in Queensland as part of a joint training exercise between the Australian and U.S. military forces.
Thank you for everything you did for our country in the sporting arena!" "She said "I think I'm going to pull a hamstring". I'm so happy I got to meet such a tremendous and gracious role model, and Olympic champion". "RIP BettyCuthbert.
There was no denying Mo Farah . "It felt like they were in a training camp together, how they were working to together". Meanwhile, Holly Bradshaw reached the pole vault final but Nick Percy missed out in the discus.
On Friday, Attorney General Jeff Sessions announced that the agency will be aggressively investigating leaks to the media. Like the CT senator, Trump also received five military deferments that allowed him to escape service in the Vietnam War.
Even the RSS threat to force the centre to dismiss the LDF government has evoked only ridicule from various corners. Union Minister Arun Jaitley landed in Kerala Sunday morning, where he was felicitated by the state party leader.
Tensions between the USA and Russian Federation are the highest they've been since the Cold War and friction with China continues. In 2016, then-President Barack Obama visited Hiroshima , becoming the first USA president to ever visit the city.
In a statement released via her official Twitter account, Errani strenuously denied knowingly taking a banned substance. The former French Open finalist in 2012 have been handed the ban after failing to test negative for a banned substance.
Investigators believe the truck was transporting the explosives somewhere else to be used in an act of terrorism. Punjab Chief Minister Shahbaz Sharif has asked for a report from Capital City Police Officer Amin Wains.
North Korea says it's released imprisoned Canadian pastor
The North has said, however, that its doors remain open to any American citizens interested in visiting the country. Canadian Senator Yonah Martin, who advocated for Lim's release, said Lim was hospitalised during his imprisonment.
Former LSU WR Jarvis Landry under investigation for battery
The dispute involved Landry's girlfriend, who is the mother of his daughter, according to a report from WINZ radio's Andy Slater . Miami Dolphins receiver Jarvis Landry is reportedly being investigated by the Broward County State Attorney's Office for battery.
Kimberley Walsh praises 'brave' Sarah Harding for CBB stint
It doesn't end there either as the singer later comes to blows with Paul after accusing him of being a "hypocrite" and a "snide". I've managed to watch a couple of episodes and it's actually really weird seeing someone you know so well in there.