Investors take a breath as US Stocks end winning streak
Investors take a breath as US Stocks end winning streak
An aerial view of U.S. Naval Base Guam
10 August, 2017, 00:29
At 9:37 a.m. ET (1337 GMT), the Dow Jones Industrial Average was down 49.62 points, or 0.22 percent, at 22,035.72, the S&P 500 was down 8.01 points, or 0.32 percent, at 2,466.91.
Wall Street also is reacting to a flare-up in tensions after North Korea threatened to launch a missile strike aimed at USA territory Guam, underlining deteriorating relations between Washington and Pyongyang.
The Standard & Poor's 500 index fell 6 points, or 0.2 percent, to 2,474.
Trump told reporters further threats from North Korea would be "met with fire, fury and frankly power the likes of which this world has never seen before".
The back-and-forth came on the heels of reports the United States intelligence community has determined North Korea has successfully produced a miniaturized nuclear warhead that can fit inside its missiles.
Burger chain Wendy's was up 4.20 percent after it reported better-than-expected quarterly profit and sales.
The media giant's stock dropped approximately 5 percent in early trade and shaved off about 43 points from the price-weighted Dow.
Apple (AAPL.O) pared gains after rising as much as 1.91 percent to an all-time high and provided the biggest boost to all three indexes, while healthcare stocks such as Johnson & Johnson (JNJ.N) were the biggest weight on the S&P. Economists had expected productivity to increase by 0.7 percent.
Earlier in the day, trading was impacted by a report from the Labor Department showing an unexpected jump in job openings in the month of June.
Declining issues outnumbered advancers on the NYSE by 1,859 to 737.
The weakness among oil service stocks came amid a modest decrease by the price of crude oil, with crude for September delivery slipping USD0.22 to USD49.17 a barrel.
Markets in Canada's largest centre were set to follow global markets lower on Wednesday as investors held back from betting on riskier assets amid escalating North Korea tensions.
Travel website operator Priceline fell 6.72 percent, while travel-review website operator TripAdvisor was down 7.74 percent after both the companies issued disappointing forecasts.
Steel, networking, and financial stocks are also seeing notable weakness in mid-day trading, although selling pressure is somewhat subdued. The UK's FTSE 100 Index increased 0.1%, France's CAC 40 Index rose 0.2% and Germany's DAX Index added 0.3%.
Safe-haven assets gained following the mounting geopolitical tensions. Japan's Nikkei 225 Index tumbled by 1.3%, while Hong Kong's Hang Seng Index fell by 0.4%.
The yield on the 10-year US Treasury note rose to 2.282% from 2.258% on Monday.
Proceedings have ended for the day at a civil trial involving a groping claim by Taylor Swift against a former Denver disc jockey. Her lawyers say she will donate it to charitable organisations who help women who have been sexually assaulted.
Before getting a spot on " Fox News Specialists", Bolling was a co-host on the popular evening program, " The Five ". Over the years, many women have come forward to reveal the sexual harassment they faced at the network.
Did Kajol take a dig at Karan Johar? But now with the latest development, looks like the duo are ready to forgive and forget! Earlier, Johar uploaded a picture of his twins Yash and Roohi - the first public unveiling of the 6-month old twins.
Kroon also shared that the company has vowed to "develop an inspection protocol" in order to prevent future tragedies. FOX8 Cleveland reports that four others remain hospitalized, including Jerrell's girlfriend, Keziah Lewis, 18.
Tesla Inc (NASDAQ: TSLA ) is enlisting the investing public's help to fund production of its latest line of electric vehicles. The company's stock has added about 67% for the year to date, after peaking at a year-to-date gain of almost 80% in mid-June.
Likewise, the preferred phrasing for " climate change adaption" is now " resilience to weather extremes ". Moebius-Clune shared that the new language was given to her staff and suggests it be passed on.
Patel asserted that he is contesting the poll as an ordinary Congressman not as political secretary to party head Sonia Gandhi . The BJP leaders made a dash to the EC once again, claiming that the top Congress leaders were pressurising the poll authority.
However, the top U.S. diplomat said it was not a matter of stopping the launches by "a specific number of days or weeks". Chinese Foreign Minister Wang Yi publicly admonished North Korea and urged them to abide by the new sanctions.
The city's forensic pathologists said Monday they have formally identified a man who died at the World Trade Center on 9/11. Nearly 3,000 individuals were slaughtered in NY , at the Pentagon and close Shanksville, Pennsylvania, in the assaults.
The engineer had last week responded to Google's efforts to change its white male-dominated culture by posting the internal memo . One of the main issues taken from the memo was that it suggested there were fewer women at Google due to biological differences .
Spotify makes its Xbox One debut
It also includes a special selection of curated "Gaming" playlists for background listening during long play sessions. Changes will also be visible in the game hubs, profiles and clubs, making it easier to navigate and follow.
Jaguars place LT Branden Albert on reserve/retired list
The Jaguars, who are holding joint practices with the Patriots in New England, declined comment on the situation Monday . Albert, 32, has earned two trips to the Pro Bowl and remains one of the better pass-protecting left tackles in the NFL.
Iranian Drone Forces US Plane to Take Evasive Action
The jet had to maneuver to avoid collision with the QOM-1, coming just 200 feet laterally and 100 feet vertically of each other. But this appears to be the first time an Iranian drone has come dangerously close to a United States fighter plane in the Gulf.
Mysterious sea creatures that 'ate' Aussie teen identified
Sam , 16, continues his recovery at Dandenong Hospital after doctors struggled for most of Sunday to control the bleeding. According to the teen's father, Jarrod Kanizay , the bleeding wasn't noticed until about 30 minutes into the soak.
APC: Attack on Catholic church barbaric
The gunmen, witnesses further said, first separated a group of worshipers from the rest and started executing them with gunfire. It called on security agencies to ensure that the perpetrators of the crime were promptly apprehended and brought to justice.
Bomb suspected in morning blast at U.S. mosque
According to CBS, the fire was small enough that community members were able to extinguish it before emergency services arrived. Authorities say the explosion damaged one room but it didn't hurt anyone. "I was shocked to learn this happened".