Thursday, 19 October, 2017

Investors take a breath as US Stocks end winning streak

An aerial view of U.S. Naval Base Guam An aerial view of U.S. Naval Base Guam Credit Reuters
Kelvin Reese | 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.

Florida mom drove to West Virginia with daughter's body, police say
Newsome, 37, was arrested on charges of concealing the body of her daughter, Kaye-lea Plummer, according to the Associated Press. Police said Jacksonville authorities went to Newsome's residence and found evidence of the crime there.

Donald Trump: North Korea will be met with 'fire and fury'
Pyongyang's statement said the sanctions were caused by a "heinous U.S. plot to isolate and stifle" North Korea. Just two years ago, 55 percent of Americans listed North Korea as a critical threat facing the United States.

Mueller Investigation Expands Focus to Probe Flynn's Finances
Flynn had received payments secrets on the part of the Turkish government towards the end of the election campaign of 2016. According to the daily new yorker, the investigators have also interviewed witnesses to determine whether Mr.

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.

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