Economy

USA stocks slip but Dow Jones holds above 23000

USA stocks slip but Dow Jones holds above 23000”

Visit MarketWatch.com for more information on this news.

On October 18, the S&P 500 opened the day higher and ended the day at record-high closing levels. The stock added $4.05 to $90.10.

The other high-flying FAANG stocks, Amazon, Facebook, Alphabet and Netflix were down between 1.2 per cent and 1.6 per cent.

Among the few gainers in the tech sector was Adobe, which jumped 9 per cent after it gave a strong 2018 profit forecast.

The S&P 500 rose less than 1 point to 2,562.

Other technology stocks didn't fare as well.

Shares of eBay (EBAY.O) were down 2.5 percent a day after it reported results. It measures the daily stock price movements of 30 large, publicly-owned US companies. The stock had climbed 5.8% over the past three months through Wednesday, while the Nasdaq 100 had gained 3.4% and the Dow had climbed 7.0%.

The S&P 500 is up 8.93 points, or 0.4 percent.

"The sector has had such a great run, but you're starting to see some concerns about how big they've gotten, some chatter in Washington about should there be some regulations", said Samana. Brent crude, used to price worldwide oils, fell 92 cents, or 1.6 percent, to $57.23 per barrel in London.

United Airlines (UAL.N) tumbled 11.6 percent, weighing on other airlines stocks and the Dow Jones Transport index.DJT, after the third largest US carrier's profit fell due to flight cancellations during the hurricane season. Oil-field services company Schlumberger declined $1.41, or 2.1 percent, to $64.50.



Like this

loading...
loading...

Latest


20 October 2017
Ozil Tells Teammates Which Club He Is Joining
Arsenal playmaker, Mesut Ozil, is so confident he will be playing for Manchester United next year. Arsenal are ready to sell Ozil in January but would loathe to sell him to United.

20 October 2017
Paul Ryan Hilariously Roasted Donald Trump During The Al Smith Dinner
At the time, Trump drew boos when he said of Clinton, "Here she is tonight, in public, pretending not to hate Catholics". House Speaker Paul Ryan opened his speech at the Al Smith Dinner here with a joke about President Donald Trump .

20 October 2017
Premier League preview: Chelsea vs Watford
The English Premier League continues this weekend, so take a look at our tips and predictions for the Chelsea vs. They'll try to avoid losing three consecutive league matches for the first time since late October-November 2015.

20 October 2017
A Look At Recent Insider Trades For Tile Shop Holdings, Inc. (TTS)
This works out to a net increase in ownership of 4408 shares, and suggests that institutions are feeling bullish about the stock. Finally, Municipal Employees Retirement System of MI lifted its stake in shares of Tile Shop Hldgs by 3.5% in the second quarter.

20 October 2017
Equinix, Inc. (NASDAQ:EQIX) Under Analyst Spotlight
It is the same, as 67 investors sold C shares while 443 reduced holdings. only 124 funds opened positions while 435 raised stakes. Since May 8, 2017, it had 0 buys, and 7 selling transactions for $8.57 million activity. $2.31M worth of Equinix, Inc.

20 October 2017
Rock tossed from overpass, smashes windshield and kills vehicle passenger
The Genesee County Sheriff's Office is investigating the man's death as a "potential homicide", said a statement on the incident. A hole in the windshield of a vehicle driven by late Kenneth White on the I-75 in Vienna Township, Mich ., on October 18, 2017.

20 October 2017
French cinema legend Danielle Darrieux dies aged 100
In 1970 Darrieux did her first stint on Broadway, substituting for Katherine Hepburn in the musical " Coco ", about Coco Chanel. The cause of the divorce was Dominican playboy Porfirio Rubirosa, who she met in Paris in 1940 and married in 1942.

20 October 2017
Boeing Venture Arm Invests in Pursuit of Urban Air Taxi Market Penetration
Boeing , the world's largest aerospace company, has invested million of dollars into an autonomous drone firm called Near Earth Autonomy .

20 October 2017
Varied Analyst Comments On Eldorado Gold Corporation (EGO), Ocwen Financial Corporation (OCN)
Technical analysis of Eldorado Gold Corporation (EGO) stock includes the study of technical indicators and past trends. The stock was trading at a distance of -45.52% from its 52-week highs and stands 20.34% away from its 52-week lows.

20 October 2017
Sally Beauty Holdings, Inc. (NYSE:SBH) Under Analyst Spotlight
Finally, Nordea Investment Management AB increased its position in shares of Sally Beauty Holdings by 79.9% in the first quarter. This buyback authorization permits the specialty retailer to repurchase up to 40.7% of its shares through open market purchases.