S&P 500, Dow end lower with energy, financials; Tesla falls
S&P 500, Dow end lower with energy, financials; Tesla falls
Andrew Kelly Reuters
13 August, 2018, 07:48
Mylan's 6.8 percent drop was the most on the benchmark S&P 500 after the drugmaker reported quarterly results and said it was actively evaluating a "wide range of alternatives".
Tech stocks have been at the center of a sharp recovery in the S&P since a market rout in February, driving the index close to its record high.
The Dow Jones Industrial Average fell 74.52 points, or 0.29 per cent, to 25,509.23, the S&P 500 lost 4.12 points, or 0.14 per cent, to 2,853.58 and the Nasdaq Composite added 3.46 points, or 0.04 per cent, to 7,891.78.
Microchip Technology shares fell 10.9 per cent after a disappointing second-quarter revenue forecast.
The S&P 500 is up 13.23 points, or 0.5 percent. Beijing announced Wednesday it would counter the most recent round of US tariffs with its own.
Shares of Apple rose 1.1 percent, while those of Amazon were up 1.0 percent and Microsoft rose 0.3 percent.
Shares of trade-sensitive companies also declined, including Boeing, 3M and Caterpillar, which were all down at least 1 per cent. The stock ended down 4.8 per cent.
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Over 100 rockets fired into Israel from Gaza
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The S&P gains came as the latest data pointed to strength in the labor market, underscoring the health of the USA economy despite ongoing trade tensions.
Data on Friday showed USA consumer prices rose in July and the underlying trend continued to strengthen, pointing to a steady increase in inflation pressures.
About 5.9 billion shares changed hands on USA exchanges.
"There is low volatility in the markets as the S&P and Nasdaq are just below all-time record highs, and it seems like markets are complacent right now".
Declining issues outnumbered advancing ones on the NYSE by a 2.10-to-1 ratio; on Nasdaq, a 1.51-to-1 ratio favoured decliners.
"The Dow's positive momentum keeps fading according to technical readings in the daily chart, but by no means indicates an upcoming bearish continuation, as the index holds well above all of its moving averages, and with the 20 DMA maintaining its bullish stance".
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Jerome Secillano of the Catholic Bishops' Conference of the Philippines said in reaction to the Vatican pronouncement. This media house does not correct any spelling or grammatical error within press releases and commentaries.
Pence said that President Trump will request $8 billion over the next five years to support military operations in space. But, earlier this week, Mr Mattis said he is in "complete alignment" with Mr Trump's concerns about U.S. space assets.
Woodland, even with the lowest 36-hole score in 60 years of stroke play at the PGA Championship, still had a long way to go. Tiger Woods shot a 4-under 66 Saturday to move himself into a tie for sixth at the PGA Championship.
A majority of Americans say that racial tensions have been on the rise over the past year, according to a CBS News poll. One of those people is the mother of Heather Heyer , the woman killed when a vehicle drove into counter protesters.
Preventing England FIFA World Cup star defender Harry Maguire joining Manchester United was a triumph for Leicester . Liverpool don't get a trophy for it, but they are certainly the champions of the off-season/preseason.
The Islamic State group claimed responsibility but Canadian police said they had no evidence the group was behind the shooting. The CBC quoted Robert DiDiodato, who lives in the area, as saying he heard a series of " firecracker " sounds around 7 am.
Tom Brady and the New England Patriots are near an incentive-laden adjustment to the quarterback's 2018 contract. Washington has also had a recent history of their high-profile draft picks not being able to stay healthy.
The first positive detection of West Nile Virus this season has been confirmed by Ada County health officials. This makes it important for residents to evaluate yards on a weekly basis and eliminate standing water.
For the last several years, NASA's New Horizons probe has been speeding toward the outer limits of the solar system. Forty-three minutes after launch, the spacecraft jettisoned the spent upper stage and began flying on its own.
In a statement, Barca said: "FC Barcelona and Everton FC have reached an agreement over the transfer of the player Yerry Mina ". The Toffees lured two more of the Catalan club's players to Goodison Park on permanent and loan deals respectively on Thursday.
Dorsey said the company was committed to promoting "a healthy conversational environment" - which included Jones. Twitter had not removed Jones or InfoWars from its service, as of Monday afternoon NY time.
DOOM Eternal Reveals New Gameplay
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Oil prices rise amidst USA sanctions against Iran
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11 children, 3 women found in 'filthy' compound, 2 men arrested
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Liverpool finish pre-season by beating Torino
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Bayelsa DSS director appointed acting DG
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Brooklyn Nail Salon Workers Attack Woman With Broom
It's hard to tell who instigated the violence, but it appears to be the workers at the nail salon who are dealing the most force. An investigation into the brawl is ongoing, and more charges could result , the Brooklyn District Attorney's Office told News12.