Economy

Banks and technology lead U.S. stocks lower in early trading

Banks and technology lead U.S. stocks lower in early trading”

Banks and technology companies were down more than the rest of the market.

The three major Wall Street indexes fell more than 1 percent on Tuesday and were on track to mark their worst single-day fall in almost three weeks, weighed down by mounting tensions on the Korean peninsula.

Wall Street opened lower on Tuesday as investors remained cautious after North Korea conducted its most powerful nuclear test over the weekend. Energy companies led the gainers as the price of crude oil headed higher.

Bank of America and Goldman Sachs were down more than 1.5 percent.

Hong Kong's Hang Seng Index slipped 0.8 percent for a third consecutive day of losses. Eastern time. The Dow Jones industrial average slid 96 points, or 0.4 percent, to 21,890. The Nasdaq composite lost 13 points, or 0.2 percent, to 6,421.

Halfords rose 2.5 percent after the British bicycle and auto part retailer kept its full-year profit guidance as it reported retail like-for-like sales growth of 3.5 percent in the 20 weeks to August 18. Nvidia gave up $4.55, or 2.7 percent, to $165.91. Helmerich & Payne rose 75 cents, or 1.7 percent, to $43.77.

ENERGIZED: Gains in crude prices helped lift shares in oil producers and other energy industry companies. Halliburton rose 85 cents, or 2.2 percent, to $39.75.

Mid caps however rose 0.15 percent as a tie-up announced between Schneider Electric and Aveva sent shares in the British group up 25.7 percent, their biggest one-day gain in more than two years.

ENERGY: Benchmark U.S. crude gained $1.45, or 3 percent, to $48.74 per barrel on the New York Mercantile Exchange.

Shares in cruise line operators fell as Hurricane Irma roared toward islands in the northeast Caribbean Tuesday.

The dollar declined to 108.66 yen from Monday's 110.24 yen. The euro rose to $1.1918 from $1.1869. Heating oil was little changed at $1.75 a gallon.

Stock markets overseas were mixed Tuesday.

Palladium edged 0.1 percent lower to $976 after reaching its highest since February 2001 at $1,001 in the previous session.

European markets closed lower; London's FTSE lost 0.4 per cent, Paris is down 0.4 per cent and Frankfurt was also down 0.3 per cent.

Earlier in Asia, Tokyo's Nikkei 225 fell 0.6 percent and Seoul's Kospi slid 0.1 percent.



Like this

loading...
loading...

Latest


06 September 2017
Keuchel, Astros down Mariners, 6-2
The outfielder was activated from the disabled list earlier in the day after being out because of a strained left hamstring. In his fifth start of the season at Comerica Park versus the Mariners, he pitched seven innings allowing one unearned run.

06 September 2017
Tyler Technologies, Inc. (TYL) VP Sells $1022280.00 in Stock
BidaskClub downgraded Tyler Technologies from a "strong-buy" rating to a "buy" rating in a research report on Monday, July 31st. It worsened, as 31 investors sold FMC shares while 146 reduced holdings. 40 funds opened positions while 95 raised stakes.

06 September 2017
Southwest Airlines Co (NYSE:LUV) Institutional Investor Sentiment Trend
Cowen and Company restated a "buy" rating and issued a $67.00 target price on shares of Southwest Airlines in a report on Friday. The insider Dick Teresa L . sold $210,118. 2,000 shares were sold by Pantermuehl Russell, worth $210,000 on Friday, March 17.

06 September 2017
Georgia QB Eason to miss Notre Dame game with sprained knee
This is a bucket-list game for a lot of fans, and even for me as an objective, hard-bitten beat guy, this is pretty cool too. With a first and 10 from the App State 34-yard line, Georgia offensive coordinator Jim Chaney dialed up a pass.

06 September 2017
Devon Energy Corporation (DVN) Holdings Boosted by Cipher Capital LP
The stock witnessed -6.34% declines, 2.71% gains and -4.63% declines for the 1-month, 3-month and 6-month period, respectively. The Ontario - Canada-based Manufacturers Life Insurance Communication The has invested 0.01% in LKQ Corporation (NASDAQ:LKQ).

06 September 2017
Huckabee Sanders: 'Heartless' for Pelosi and Dems to Fundraise Off DACA Decision
Coulter supported Trump during the 2016 presidential campaign, partially because of his hardline stance on immigration. The President still doesn't get that he is no longer filming an episode of The Apprentice.

06 September 2017
Starting QB Tyrrell Pigrome out for season
He was 9-for-12 passing with 175 yards and two touchdowns. "Kasimi came in the game and played well", Durkin said, ESPN reports . Melvin Keihn and Bryce Brand should get a lot more snaps as they're next on the depth chart.

06 September 2017
Marcus Rashford's temperament is his biggest quality, insists Phil Neville
"It gives me a better understanding of how to deal with these types of players when they're on the opposing team". His face betrayed that much. "It was more a Manchester United thing, for me", Rashford said.

06 September 2017
American Express Company (AXP) PT Set at $95.00 by Keefe, Bruyette & Woods
Intl Fcstone Inc. purchased a new stake in shares of American Express during the second quarter valued at approximately $625,000. It improved, as 21 investors sold STAG shares while 41 reduced holdings. 32 funds opened positions while 84 raised stakes.

06 September 2017
Govt cancels Indian citizenship of 'German' TRS MLA, leaves him stateless
He further contended that his opponent claimed Indian citizenship by furnishing false details about his stay in the country. He termed it as a turmoil created by the political forcess who have no guts to face him in the people's court.