Economy

Tech companies lead broad slide in U.S. stocks; oil rises

Tech companies lead broad slide in U.S. stocks; oil rises

Retail results are also on investors' mind as the second-quarter earning season winds down.

An Associated Press report that the US and North Korea have been engaged in back channel talks (https://apnews.com/686ac7c761694b28b67793a1d8297145?link=mktw) for several months even as they exchange incendiary threats may also help to soothe jitters.

In the latest economic data, the consumer-price index (http://www.marketwatch.com/story/us-consumer-inflation-remains-soft-in-july-cpi-shows-2017-08-11) rose a seasonally adjusted 0.1% in July, its fifth straight month of softness, raising more questions about whether inflation will eventually rise to hit the Federal Reserve's 2% annual rate target. The S&P 500 Index (SPX) and Nasdaq Composite (COMP) finished lower as well, while the collective aversion to risk boosted the CBOE Volatility Index (VIX) and "safe haven" assets like gold.

MGM Resorts International (MGM) Holdings Decreased by Westfield Capital Management Co Lp
Xact Kapitalforvaltning AB's holdings in MGM Resorts International were worth $1,134,000 as of its most recent SEC filing. Its down 0.01, from 0.88 in 2016Q3. 1,061 Andeavor (NYSE:ANDV) shares with value of $89,304 were sold by Peery Blane W.

The Dow Jones Industrial Average closed down 204.69 points, or 0.93 percent, at 21,844.01, the S&P 500 lost 35.81 points, or 1.45 percent, to end the session at 2,438.21 and the Nasdaq Composite fell 135.46 points, or 2.13 percent, to 6,216.87.

North Korea's threat to carry out a missile strike on Guam continued to worry investors. Japan and South Korea vowed a strong reaction if the North were to go through with the plan.

"Given the great run we've had, seems like some sort of pullback wouldn't be surprising", said Michael Baele, managing director of investments at U.S. Bank Private Wealth Management.

PREMIER LEAGUE 2017-18: 5 key players signed in offseason
We'll improve the team and try to be at that level, to constantly be improving. Brighton's Solly March celebrates with teammates after scoring a goal.

Consumer-focused stocks, media companies and banks accounted for much of the market decline. Macy's sank 10.3 percent and Kohl's lost 5.8 percent.

The financial sector index gave back gains after news California insurance regulator will probe whether Wells Fargo & Co and an insurance company harmed residents by selling insurance they did not need. The stock fell $1.07 to $5.17. Dillard's Inc. slumped 15.9 percent after the chain booked a loss for the second quarter, as increased inventory led to big discounts. Its shares tumbled $13.09 to $60.25. Kohl's also declined, sliding $3.62, or 8.6 percent, to $38.31. Economists had expected prices to rise by 0.2 percent.

The bond market was without direction: the yield of u.s. Treasury bills to 10 years, which evolves to the inverse of the bond price, appears to 2,190 %, compared to 2,198 % Thursday evening, and that bills to 30 years at 2,786 %, compared to 2,773 %. Benchmark U.S. crude fell 83 cents, or 1.7 percent, to $48.73 a barrel on the New York Mercantile Exchange. It added 39 cents to $49.56 a barrel overnight. Brent crude, used to price worldwide oils, added 21 cents to $52.91.

Chelsea 2-3 Burnley: 9-man Blues almost come back
Turns out Morata can play, and his diving header met a classy bit of playmaking from Willian to make it 3-1 in the 69th minute. Vokes, standing just behind him, beat Thibaut Courtois with a faint contact that dribbled perfectly into the far corner.

CURRENCIES: The dollar slipped to 109.31 yen from 109.85 late Wednesday. The euro fell to $1.1735 from $1.1752. Germany's DAX fell 0.9 percent, while the CAC 40 in France lost 0.5 percent. Earlier in Asia, Japan's benchmark Nikkei 225 slipped less than 0.1 percent, while Hong Kong's Hang Seng slid 1.1 percent.


  • Dyche delight as Burnley ditch away blues to upset champions

    Dyche delight as Burnley ditch away blues to upset champions

    Stephen Ward then doubled the lead for the visitors a quarter of an hour later with a fierce shot after a one-two with Jack Cork. But instead of replacing a defensive player for Morata, Conte made it a straight-swap for striker Michy Batshuayi .
    I don't want sympathy over Blues' lack of depth, maintains Conte

    I don't want sympathy over Blues' lack of depth, maintains Conte

    They haven't lost an opening day fixture since Coventry in 1998 , winning 15 games over that span. The best managers in the world are in the Premier League now.
    Ryan Howard agrees to minor league deal with Rockies

    Ryan Howard agrees to minor league deal with Rockies

    The Rockies inked first baseman Ryan Howard to a minor league contract on Saturday, per a team announcement . Throughout his career, Howard has blasted 382 home runs and drove in 1,194 runs at the major league level.
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    Edwards Sells 200000 Shares of Nike, Inc. (NYSE:NKE) Stock

    Other hedge funds have also made changes to their positions in the company. 112 funds opened positions while 405 raised stakes. After $0.60 actual EPS reported by Nike Inc for the previous quarter, Wall Street now forecasts -18.33% negative EPS growth.
    DIY Solar Eclipse Glasses

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    Steve Roark is the area forester in Tazewell for the Tennessee Department of Agriculture, Forestry Division . In the early summer, the Thomas County School System began making plans for the August 21 solar eclipse.
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    Yadav loses his job as JD(U) leader in the Rajya Sabha

    The party is going to have a committee meeting on August 19 that will take the final decision, Singh said. Following the events, Ali Anwar was expelled from the party for attending the meeting on Friday night.
  • Manchester United in talks to re-sign Zlatan Ibrahimovic, confirms Jose Mourinho

    Manchester United in talks to re-sign Zlatan Ibrahimovic, confirms Jose Mourinho

    Many teams have nearly filled in their holes to chase the title and to face the #Uefa Champions League tough teams. The Red Devils have a clean bill of health barring long-term injuries to Luke Shaw, Ashley Young and Marcos Rojo.
    Iowa's three potential license plate designs unveiled

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    Iowa State Fairgoers are being allowed to vote on the designs in the DOT's booth at the fair. "We are forward thinking". The design was created by the Iowa DOT graphic artist with help from the governor's office and several state agencies.
    Vetr Inc. Lowers Paypal Holdings Inc (NASDAQ:PYPL) to Sell

    Vetr Inc. Lowers Paypal Holdings Inc (NASDAQ:PYPL) to Sell

    Finally, Clean Yield Group purchased a new position in shares of PayPal Holdings during the first quarter valued at $127,000. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.
  • Nemanja Matic is a

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    He's a very select player who's a top, top striker, but when the position goes so far it's hard to put it back. You saw that in the UEFA Super Cup game - he'll fit very well in there", Lampard said.
    National Football League  could still investigate Ezekiel Elliott bar incident

    National Football League could still investigate Ezekiel Elliott bar incident

    Owner and general manager Jerry Jones is not expected to meet with the media after Saturday's game against the Los Angeles Rams. Elliott and his team of representatives are extremely disappointed with the NFL's decision", Elliott's lawyers said.
    Video captures officer jumping off freeway to avoid driver

    Video captures officer jumping off freeway to avoid driver

    I couldn't feel my arms. "Carter broke his back in numerous places, severely damaged his spine, and injured his left foot". Instead, Carter and fellow officer Carlos Herrera were forced to jump off the freeway to avoid being hit again.