USA stocks close lower, snapping Dow's 10-day winning streak

Share
USA stocks close lower, snapping Dow's 10-day winning streak

The iShares MSCI South Korea Capped exchange traded fund EWY.P fell in a volume spike and ended down 0.85 percent.

This week's increase in tension between North Korea and the US over North Korea's nuclear missile programme is a timely warning for investors to remain diversified, affirms a leading analyst. For the week, the index lost over 3% to register its biggest weekly loss since February of 2016.

In the wake of the USA and North Korea tension Wall Street, Asian markets and European markets have all closed in red territory. "That did temporarily shake investors' complacency, but we think markets are ready to move higher in the back half of the year, and earnings and economic data are going to drive that". That is significant because yields fall when bond prices rise. The S&P 500 index was also down 0.3% and the Nasdaq Composite down 0.2%.

After touching a more than two-month high at US$1,291.86, spot gold last added 0.2 per cent to US$1,288.81 an ounce.

The recovery fit a recent pattern of investors using dips to put more money in stocks. A strong jobs report last Friday gave the dollar index .DXY its strongest daily performance this year.

Ten of the S&P 500's 11 major sectors closed negative on August 10, 2017.

"He's been pushing the world around for a long time", he said, in reference to the North Korean leader, Kim Jong Un.

The US-North Korea spat that allowed safe havens to rally this week continued during today's European session.

In a letter sent to Republican Senator Ann McLane Kuster, Humphrey said that Trump is making a bad situation worse with his recent promise that North Korea would face "fire and fury" if it continued to threaten the USA, a local news station WMUR first reported.

North Korea "will be met with fire and fury" if it keeps threatening the US, Trump told reporters at the Trump National Golf Club in Bedminster, New Jersey, according to media reports. Secretary of State Rex Tillerson later insisted the US isn't signalling it's about to mete out a military response despite threats from North Korea suggesting it could attack Guam, a USA island territory in the Pacific.

Still, the market has had several fits and starts over the past few months.

The Swiss franc was on pace for one of the largest single-day jumps against the euro since the Swiss National Bank removed its cap on the currency in January 2015. It's still the highest it's been since May.

Weaker U.S. Treasury yields also helped the yen, boosting its appeal relative to the greenback.

July's 0.1 percent increase in consumer prices suggests that the Federal Reserve may be less likely to raise interest rates next month.

Blue Apron shares rose 6.73 percent after the meal-kit delivery service provider reported a rise in revenue in its first quarterly report since debut. -North Korea tension also weighed on the Canadian dollar, which weakened against its US counterpart, despite higher oil prices and stronger-than-expected domestic housing data. The company's stock dropped $4.15, or 3.88 per cent, to $102.83 US. Seagate shares rose 74 cents to $32.29.

Share

Advertisement

Related Posts

M Venkaiah Naidu sworn in as 13th Vice President of India
Venkaiah Naidu on Friday took oath as the new Vice President at a simple ceremony in Rashtrapati Bhawan's Durbar Hall here. He also paid tributes to Jan Sangh leader Deendayal Upadhyaya, besides Sardar Vallabhai Patel and Babasaheb B.R.

AECOM (ACM) Receives Consensus Recommendation of "Hold" from Analysts
The institutional investor owned 31,093 shares of the construction company's stock after selling 3,470 shares during the period. The construction company reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78.

UBS Group AG Has $649000 Stake in Liberty TripAdvisor Holdings, Inc. (LTRPA)
Analysts are expecting EPS growth rates to be at 152.50% this quarter and EPS estimate for next year reflect -137.50% growth rate. CQS Cayman LP bought a new stake in shares of Liberty TripAdvisor Holdings during the second quarter valued at $1,397,000.

Arsenal beat Leicester in thrilling Premier League opener
Egypt global Mohamed Elneny sent a cross that was met by Lacazette, who headed the ball beyond Kasper Schmeichel . Because I know how important he is, not only as a player - he is a fantastic player - but as well in the group.

Kisner, Matsuyama share lead at PGA as weekend storms loom
I'm disappointed that I'm not playing the weekend because I know I have the ability to do that - especially at this golf course. Marc Leishman bounced back from an opening 75 with a Friday 71 to share 61st place at four-over and is set to make the cut.

Giroud rescues Arsenal to seal 4-3 opening win vs Leicester
Have you signed up to play in our fantasy football league? "We had 27 attempts and they had three on target and three goals , but it's something we have to work on".

Zlatan Ibrahimovic: Jose Mourinho confirms Manchester United talks over January return
He has trained with the club during his rehabilitation though, and Mourinho has made it clear he still believes the forward can do a job for him.

Conte wants more out of Chelsea
Conte would not talk about individuals - "the club knows very well my opinion" - but he was happy to make a broader point. I haven't seen it but my staff tell me it's the correct decision", Dyche said. "The situation is very clear".

Leeds turn down £16million Wood bid, but not from Burnley
The Waikato product scored in Leeds' 3-2 opening day win over Bolton Wanderers but could not find the target against Preston on Sunday.

Nuveen Preferred Income Opport (NYSE:JPC) Experiences Heavy Trading Volume
National Planning Corp raised its position in shares of Nuveen Preferred Income Opportunities Fd by 11.4% in the second quarter. The Fund may also invest in other debt instruments and common stocks acquired upon conversion of a convertible security.

© 2015 ExpressNewsline. All Rights reserved.