Economy

Global Stocks Drop Amid Concerns About Turkey

Global Stocks Drop Amid Concerns About Turkey

About 6.7 billion shares changing hands on USA exchanges.

The technology sector has been at the center of a sharp recovery in USA stocks since a market rout in February.

Aug 9 (Reuters) - The Dow and the S&P 500 were little changed, while the Nasdaq was firmly higher, propped up by the high-flying technology trio of Apple, Amazon and Microsoft.

The Dow Jones Industrial Average fell by 222 points, or 0.9%, at 25,286, the S&P 500 index fell 0.7% at 2,833, while the Nasdaq Composite Index dropped 0.8% at 7,831.

Wolves complete move for Middlesbrough winger Adama Traore
Last season's Championship title winners are ready to trigger the 22-year-old's release clause to push the deal over the line. It is a team with a big history and when people tell me I had the possibility of coming here I thought it was great.

Meanwhile, concerns over escalating trade conflict between the US and China weighed on the trade-sensitive S&P 500 Industrials Index, which ended up losing 0.57% on the day.

The biggest drag on the S&P 500 was Booking Holdings, which fell 5 per cent after it forecast third-quarter profit below expectations.

Seven of the 11 main S&P sectors were higher.

Sinclair dropped 2.9 percent after Tribune Media dropped its $3.9 billion deal to be acquired by Sinclair and filed a lawsuit against the company for breach of contract. The Nasdaq gained 0.3 per cent for the week after strong gains in some technology shares. Chip stocks fell after Morgan Stanley downgraded the U.S. semiconductor industry.

Maurizio Sarri anticipates early season 'problems' before Chelsea reach full potential
Chelsea and Tottenham dispelled doubts about their readiness to make winning starts to the Premier League on Sunday (NZ time). If you see the result, you think it was a very easy match, but in the first half it was very hard against physical opponents.

Futures implied the index would open up at 2,860.7, about 12 points away from the record. Micron, Applied Materials and ON Semiconductor fell between 1.8 percent and 2.4 percent.

On the TSX 78 issues advanced and 162 declined as a 0.5-to-1 ratio favoured decliners.

Declining issues outnumbered advancing ones on the NYSE by a 1.04-to-1 ratio; on Nasdaq, a 1.10-to-1 ratio favoured advancers. The report comes as the latest reading of the consumer price index - a key metric for inflation - is set for release on Friday. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. It is not a solicitation to make any exchange in commodities, securities or other financial instruments.

Woakes and Bairstow grind India into the Lord's dirt as England dominate
The Virat Kohli-led Indian cricket team made a poor start to the second Test vs England at Lord's. In the first over back, Kohli, off strike, refused an easy single called by Pujara.


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    Perseid meteor shower: how to see shooting stars this weekend

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    Virginia Declares State of Emergency Amid Anniversary of Charlottesville Riots

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    North Korea rejecting United States  proposals in diplomatic standoff

    North Korea rejecting United States proposals in diplomatic standoff

    An article Thursday in the Rodong Sinmun said a formal peace treaty ending the Korean War must take place before denuclearization. The joint statement released after the event, however, was vague at best and provided no clear pathway for Kim to do so.
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    NASA set to launch Sun probe on Saturday

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    Klopp has great expectations Liverpool will deliver

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    Omarosa Contradicts Her Own Book in NPR Interview

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    Judge orders plane carrying deported immigrants to return to US

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    Cam Newton Confronts Former Teammate Kelvin Benjamin

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