Investors seek safe bets as Wall Street closes lower
10 August, 2017, 00:39 | Author: Samuel Sharp
United States markets closed lower on Tuesday's trade after President Donald Trump warned North Korea, saying that threats will be "met with fire and fury".
In the political sphere, investors will be keeping a close eye on the rising tensions between North Korea and the USA on Wednesday.
The Dow lost 33 points, or 0.2 percent, to 22,085. The Nasdaq composite lost 18 points, or 0.3 percent, to 6,352.
All three major stock indexes dropped 0.2 per cent at the close, with the Dow Jones Industrial Average finishing at 22,085.34, halting a almost two-week run of closing records. The Dow snapped a nine-day streak of closing records.
Safe-haven assets gained. Gold rose 1.2 percent, while the Swiss franc was on track to post its biggest single day rise in about two-and-a-half years.
Analysts said media and entertainment stocks also seemed to get caught up in the broader market drop, but emphasized it was often hard to isolate reasons behind specific stocks' movements.
Ten out of the 11 major S&P 500 sectors fell after the comments with the only gains seen in the utilities sector.
Travel website operator Priceline fell 6.54 percent, while travel-review website operator TripAdvisor was down 7.51 percent after both the companies issued disappointing forecasts.
Oil prices gained 32 cents to $49.49 USA per barrel.
USA equivalents fell 4 bps to 2.24 percent. Net income fell to US$3 million from US$36 million in the year-ago quarter. September-dated crude futures settled up 0.8%, or 39 cents, at $49.56 per barrel.
European equity markets also opened sharply lower and measures of volatility spiked.
Martin van Vliet, a senior rates strategist at ING, said the market move in German bonds was exacerbated by speculative bets on futures derivative contracts, rather than actual trading in the underlying assets.
European shares were also lower following reports that a vehicle had rammed a group of soldiers in Paris, injuring six before speeding off in what officials identified as a suspected terrorist attack.
Chemicals group Brenntag led fallers, down 5.5 percent after second quarter results undershot expectations.
Wider Asian markets down: Japan's Nikkei stock index closed down 1.33%, the Hong Kong Hang Seng index is down 0.35%, and China's Shanghai Composite is down 0.28%.
His death was ruled an accident and Disney has now installed new signs warning of alligators along the beach. The statue depicts a lighthouse representing a "beacon of hope" for families in crisis, Disney said .
A section of the latest DIA report, which was dated July 28, was read over the telephone to the Washington Post by an official. Intelligence analysts have been shocked by the fast development of North Korea's nuclear weapons program.
Southern Denton County is not in line to see the upcoming solar eclipse in totality, but it will certainly notice it. For the first time in nearly 40 years the path of the moon's shadow passes through the continental United States .
He said he felt "frustrated" and "disappointed" that "enquiries from multiple top clubs have been consistently rebuffed". Van Dijk is depserate to leave the Saints and had chosen to move to Anfield before Liverpool retracted their interest.
Finally, this is the first expansion that includes so-called Missions, a new type of free single-player content. The offer is limited to one per account, and card packs will be available to open once the expansion launches.
The Jaguars keep his rights , but if Albert decides he really, truly wants to play again, they have to either pay or cut him . According to the Jags official ESPN beat writer, Mike DiRocco, it's unlikely that the Jags will take the veteran back.
Paul Duckett, a regular swimmer at the beach, said he has swum there for sixteen years and never confronted any flesh-eating bugs. A Melbourne teen was attacked by sea creatures while waist deep at Dendy Street Beach in Brighton .
You will also be able to follow an account without having to wait for verification and without it filling up your friend limit. Expect 5.00 sometime in the near future alongside an overhauled PlayStation App that isn't quite as useless as it now is.
According to DxOMark , the Pixel had the highest score for any smartphone camera until the arrival of HTC U11. Last year's Pixel phones were also announced in October, right before the holiday shopping season.
Tesla had a cash position of $3 billion at the end of last quarter and Musk said that he would like to keep it over $1 billion. Piper Jaffray Companies set a $386.00 price objective on Tesla and gave the stock a buy rating in a research note on Thursday.
Red-hot Dodgers cap sweep of Mets with one-hitter
They, however, produced three runs from the start against the Mets, which Ryu said he had "very comfortable" pitching after that. The Los Angeles Dodgers are chasing history and competing with one of the greatest teams the sport of baseball had ever seen.
First Solar Eclipse Since 1918 Is Coming!
PDT in Madras, Oregon with totality - the period when the moon is completely blocking the sun - coming about an hour later. Obscuring of the sun by the moon on August 21 2017 will not give solar PV generators enough light to function.
Pakistan can witness second lunar eclipse of 2017: PMD
Lunar and Solar eclipses happen in pairs, with the lunar eclipse happening within two weeks of a solar eclipse. The lunar eclipse will be visible from parts of Europe, Africa, Asia and Australia, and peaks 2:20 p.m.
Moeen fifty takes England 360 in front
Olivier, who also dismissed Bairstow, ended the day with fine figures of 3 for 38 but that was scant consolation to his side. Moeen made South Africa pay for Dean Elgar dropping him on 15 when a low slip chance off Keshav Maharaj did not stick.