Tech giants slide, pulling US stock market sharply lower
16 November, 2018, 09:16
Apple slumped 5 percent. The Malaysian government is seeking a full refund of fees it paid to the investment bank as part of deals related to the scandal, after Goldman "admitted culpability", according to a report from Bloomberg on Monday.
General Electric also experienced its fourth consecutive decline and tobacco stocks plummeted amid reports the Food and Drug Administration was considering a ban on menthol cigarettes.
"I would look at today's downdraft as probably not necessarily the canary in the coal mine for something much worse to come from an economic or market level", he said in an interview.
Traders work on the floor of the New York Stock Exchange in New York October 3, 2018.
The market had anticipated that exports from OPEC member Iran would fall precipitously following the institution of USA sanctions in November. The S&P 500 technology sector index fell 3.5 per cent, and the financial sector index fell 2.0 per cent. The Dow Jones Industrial Average slid as Exxon Mobil and Chevron dropped.
The tech-heavy Nasdaq fell 2.7 percent.
The unease in the market also resulted in a drop in USA crude oil and an increase in the dollar.
The Dow Jones Industrial Average was down 456.55 points, or 1.76 per cent, at 25,532.75, the S&P 500 was down 44.59 points, or 1.60 per cent, at 2,736.42 and the Nasdaq Composite was down 190.64 points, or 2.57 per cent, at 7,216.27.
Some of the world's largest technology companies, including Amazon and Microsoft, suffered losses on the day as Apple Inc. closed down five per cent.
After a weekend meeting, the oil cartel announced that Saudi Arabia plans to reduce exports by around 500,000 barrels a day from November to December.
Athenahealth jumped 9.6 percent after the struggling medical billing software maker received a buyout offer.
The Dow is down 702.81 points, or 2.7 percent.
The Nasdaq is up 297.48 points, or 4.3 percent.
Global shares were mostly lower Wednesday, after the steepest drop in oil prices in more than three years put investors in a selling mood on Wall Street.
Apple sank 4.8 per cent and Amazon lost 4.5 per cent. Facebook gave up 2.5 per cent and JPMorgan Chase fell 1.8 per cent. Sydney's S&P-ASX 200 retreated 1.8 percent to 5,834.20 and Hong Kong's Hang Seng gained 0.5 percent to 25,750.52.
The Russell 2000 is down 16.72 points, or 1.1 per cent.
Stock markets stabilized Tuesday after a sell-off led by technology shares dragged Wall Street sharply lower the day before.
The Russell 2000 is down 34.69 points, or 2.2 percent.
The absolute worst time to buy a game console is right before the Black Friday and Cyber Monday sales arrive in force. The PlayStation Black Friday deals will start this November 16 in the U.S. , and November 22 in Canada.
He said Lee's passing was not surprising, given the writer and publisher's age of 95, but it was hard all the same. McFarlane would know, having co-created the antihero Venom as the artist on Amazing Spider-Man in the late '80s.
He predicted universities will someday study what Mueller and his "gang of Democrat thugs" have done to destroy people. There is the feeling in Washington of an impending storm, of threats to the presidency from the outside and within.
These will be new headquarters with equivalent status to Amazon's home in Seattle , in the northwestern USA state of Washington . Amazon also feared that if it put the facility in one city it might not find enough engineers to staff it, the paper says.
In August, President Trump endorsed Hyde-Smith over another Republican in Mississippi's State Senate, Chris McDaniel. She is facing a run-off later this month against a black Democrat in a state with a history of race killings.
But their wedding invites have already been leaked and we can't wait to see the glimpses of the couple on their big day. Also, special chefs from Switzerland will arrive to bake the wedding cake and will also serve wonderful desserts.
But don't worry, Melvin Gordon is completely healthy and running WILD! I thought the big game-changing play came on 3rd and 15. The Chargers have had a week off and are no doubt ready to get back on the field.
Lillard is dealing with knee soreness but had been considered probable to play in a favorable matchup with the Lakers . The 76ers blew an 11-point lead at the end of the third quarter as they fell to the Magic in Jimmy Butler's debut.
United States media is reporting that the early arrivers at the border are a splinter group which arrived on private buses. The migrants have come about 1,500 miles (2,400 kilometers) since they started out in Honduras around October 13.
The Marvel co-creator and publisher made dozens of TV and movie cameos in the Marvel universe , dating back to 1989. THR spoke with a source that said Lee died early Monday morning at Cedars-Sinai Medical Center in Los Angeles .
Here's How Stan Lee Will Appear In Avengers 4
Lee as they attend the premiere of the film "Spider-Man 2" at the Mann Village Theater, in Westwood, California, on June 22, 2004. Lee's birth name was "Stanley Martin Lieber", but used " Stan Lee " as his pen name and then later had it legally changed.
Leaked pictures from Deepika, Ranveers wedding
Their first wedding was a Konkani-style ceremony , with Deepika dressed in a red and gold Sabyasachi saree and Ranveer in white. Hindustan Times delivers the news across all social media platforms, on the web, and at your doorstep.
Korea's missile bases come as no surprise
Less disputable is that North Korea could quickly assault South Korea, including its capital Seoul, and Japan in a crisis. Vice President Mike Pence is now in Asia and is scheduled to discuss North Korea with Japanese Prime Minister Shinzo Abe.
Moderate Democrats already hate Alexandria Ocasio-Cortez
The Kentucky Republican has said legislation to protect Mueller is "unnecessary" because the investigation is "not under threat". Don't get us wrong, while McCarthy is not the sharpest knife in the drawer, he could have been a good Majority Leader.
José Mourinho defends Manchester United from 'outplayed' claims
However, speaking on Sky Sports , Guardiola says it is still extremely early in the season to be making big judgments on his team. Ilkay Gundogan scored City's third, sidefooting home to finish off a remarkable 44-pass move that left United chasing shadows.
Michelle Obama reveals daughters were conceived by IVF
I think the answer lies in our society's double standard towards those in positions of power, especially in the political sphere. For the first time in my adult life, I am really proud of my country because it feels like hope is finally making a comeback.