Economy

European Stocks Slide But Wall Street Futures Steady Amid North Korea Concern

European Stocks Slide But Wall Street Futures Steady Amid North Korea Concern”

The S&P 500, which fell 0.93% for its biggest one-day decline since early August, is poised to rise around 2.5 points at the bell while the Nasdaq may gain back around 9 of the near 60 points it lost in Tuesday's selling.

On Monday, the United States accused North Korea's trading partners of aiding its nuclear ambitions and said Pyongyang was "begging for war" after the North's powerful nuclear test on Sunday and signs that further missile launches were on the way. September is a historically hard period for Wall Street, with the S&P 500 and Dow Jones averaging sizable losses during the month.

Wall Street could reverse the current momentum, however, with the Dow Jones Industrial Average priced to gain around 30 points at the opening bell, according to USA equity futures, after yesterday's 1% sell-off took more than 234 points from the benchmark by the end of the session.

Nine of the 11 major S&P sectors were lower, with financial index's 1.53 percent leading the decliners.

Fed Governor Lael Brainard said US inflation is falling "well short" of target so the central bank should be cautious about raising interest rates any further until it is confident that prices are headed higher.

Minneapolis Fed President Neel Kashkari and his Dallas counterpart, Robert Kaplan, were also slated to speak at different events on Tuesday day.

Airplane parts supplier Rockwell Collins rose 0.3 per cent following the announcement it agreed to be bought by conglomerate United Technologies for US$30 billion (S$40 billion).

Winners and Losers: Shares of Bank of America sunk 3.24 percent.

Insmed shares more than doubled after the company said its drug for the treatment of a rare and serious lung disorder met the main goal in a late-stage study. Boeing fell 1.4 per cent.



Like this

Latest


06 September 2017
Securities Analyst Recommendations: Exxon Mobil Corporation (XOM), FedEx Corporation (FDX)
Several analysts have released their opinion on Exxon Mobil Corporation (NYSE:XOM), with 4 analysts believing it is a strong buy. Schwab Charles Investment Management Inc. lifted its position in shares of Exxon Mobil Corporation by 6.4% in the first quarter.

06 September 2017
Banks and technology lead U.S. stocks lower in early trading
Palladium edged 0.1 percent lower to $976 after reaching its highest since February 2001 at $1,001 in the previous session. ENERGY: Benchmark U.S. crude gained $1.45, or 3 percent, to $48.74 per barrel on the New York Mercantile Exchange.

06 September 2017
Spirit Airlines, Inc. (NASDAQ:SAVE) Experiences Heavier than Usual Trading Volume
It is negative, as 41 investors sold SAVE shares while 73 reduced holdings. 50 funds opened positions while 76 raised stakes. Thompson Davis And Incorporated holds 0.01% of its portfolio in Spirit Airlines Incorporated (NASDAQ:SAVE) for 101 shares.

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
Gerdau SA (NYSE:GGB) Stock Traded 7.2% Above Its 50 Day Average
Amg Funds Llc increased Valero Energy Corp (NYSE:VLO) stake by 19,391 shares to 28,462 valued at $1.95 million in 2016Q4. Exane Derivatives divested its holdings by shedding 11,214 shares a decrease of 18.2% from 03/31/2017 to 06/30/2017.

06 September 2017
Ambarella, Inc. - Ordinary Shar (AMBA) Sees 52-Week Low
In a transaction dated Jun. 16, 2017, the shares were put up for sale at an average price of $48.77, raking in a sum of $567,098. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink .

06 September 2017
Gorakhpur: Death toll reaches 415 since August at BRD Medical College
Singh said 37 children died on August 27 and 28, of whom 26 died in the neo-natal ICU (NICU) and 11 in the encephalitis wards. As many as 296 children died this month at the Baba Raghav Das (B.R.D.) Medical College Hospital here, its Principal P.K.

06 September 2017
Wellington Management Group LLP Cuts Stake in US Bancorp (USB)
Since May 3, 2017, it had 0 insider buys, and 3 selling transactions for $2.29 million activity. $15,576 worth of U.S. The Ariel Capital Advisors Llc holds 24,908 shares with $1.28 million value, up from 18,416 last quarter.



Recommended