learningandfinance.com


Electronics

Markets Right Now: Dow average ends a 10-day winning streak

Share
US: Dow streak of records ends amid US-North Korea tensions

In the currency markets, sterling is up against the dollar at 0.15% to $1.3008 and also rose against the euro at 0.23% to €1.1075.

After moving lower early in the session, stocks remain mostly negative in mid-day trading on Wednesday.

German and USA government bonds, alongside gold and the Japanese and Swiss currencies, were the main beneficiaries.

US stocks felt significant early drag, with the S&P 500 down 0.5% at the open.

At the close of trading in NY, the Dow Jones Industrial Average was down 33.08 points, or 0.15%, to 22,085.34.

The Dow Jones Industrial Average slid to a close of 22,048.70, losing 36.64 on Wednesday. The Nikkei Index fell 1.3% and closed the day at 19,738.71.

"Trump's comments about North Korea have created nervousness and the fear is if the President really means what he said: 'fire and fury, '" said Naeem Aslam, chief market analyst at Think Markets in London.

North Korea seemed unfazed by the president's bluster, however, as state media carried a statement indicating the communist nation is "carefully examining" a plan to strike the US Pacific territory of Guam.

The remarks followed a new report asserting that USA intelligence has assessed that Pyongyang has successfully produced a nuclear warhead that can fit inside its missiles. The stock lost $5.07 to $101.91.

The drop by Disney comes after the company reported fiscal third quarter earnings that came in above estimates but on weaker than expected revenues. On the Nasdaq, 1,846 issues fell and 953 advanced favoring decliners.

The Last Jedi Images: Luke, Rey & More
Hamill noted: "He invested everything he had in Kylo, much like Obi-Wan did with my character". Luke feels responsible for that.

Enormous Donald Trump 'chicken' inflated near White House during protest
A giant inflatable chicken with golden hair that resembles President Trump has appeared outside the White House Wednesday. Trump's decision to break with the tradition of recent presidents to release their tax information.

Hackers hit HBO, demand millions for data
The network has acknowledged the hack, but has not yet given out any details about the types of files hackers were able to obtain. Smith" posted a video addressed to HBO chief executive officer Richard Plepler that demands "our six-month salary in bitcoin ".

Energy stocks fell along with the price of crude oil. Netflix also fell, giving up $4.57, or 2.6 percent, to $173.79. The company booked a hefty charge and said its CFO is leaving the company. The stock lost $3.03 to $8.81.

In Frankfurt, the DAX 30 dropped 1.1% to 12,154.00, and in Paris, the CAC 40 index was fell 1.4% to 5,145.70. The drop in USA futures Wednesday is not outsized relative to the recent trend; Tuesday was the 14th day in a row the S&P 500 closed within 0.3% of its opening level.

Markets were also lower in Europe and Asia.

Hong Kong's Hang Seng Index was off 0.09%.

The yield on the 10-year US Treasury note rose to 2.282% from 2.258% on Monday.

Meanwhile, investors moved money into assets seen as safe havens.

Gold's strong move pushed it just barely ahead of the Standard & Poor's 500 index for the year - up 10.47 percent, compared with 10.43 percent for the S&P, according to YCharts, a data gathering company. September-dated crude futures settled up 0.8%, or 39 cents, at $49.56 per barrel. Brent crude, used to price worldwide oils, gained 29 cents to $52.43 in London.

CURRENCIES: The dollar fell to 109.96 yen from 110.48 yen late Tuesday.

The euro fetched $1.1748, not far off from $1.1752 late Wednesday in NY.

Share