Junio 19, 2018

Stocks down, gold up after North Korea threat

11 Agosto 2017, 04:28 | Azura Castelo

Traders work on the floor of the New York Stock Exchange in New York U.S

Traders work on the floor of the New York Stock Exchange in New York U.S

Travel and media companies led US stocks lower in afternoon trading Wednesday as some rare earnings disappointments weighed on the market. Financial companies and department store operators were among the big decliners.

North Korea's nuclear threat against Guam has thrust this tiny USA territory into a frenzy and the spotlight.

The benchmark 10-year yield fell 3 basis points to 2.25% while the two-year yield lost 2bps to 1.35%.

The euro edged 0.3 percent lower to 1.1726 against the dollar.

USA stocks saw their largest losses since May on Thursday, as tensions mounted between North Korea and the US. Wall Street also is reacting to a flare-up in tensions after North Korea threatened to launch a missile strike aimed at US territory Guam, underlining deteriorating relations between Washington and Pyongyang.

US Defense Secretary Jim Mattis, who often has emphasized the devastating costs of any conflict with North Korea, seemed to back up Trump's tone.

Outside of geopolitical concerns, disappointing company earnings and outlooks put traders in a selling mood. The VIX, a measure of how much volatility investors expect, jumped to its highest level since May. In the previous session, USA stocks finished in the red.

Stocks are falling in midday trading on Wall Street, led by declines in technology companies and banks. Twenty-First Century Fox gave up 46 cents, or 1.6 percent, to $27.57.

However, shares of Dean Foods tumbled 20% to $US11.96 after the USA dairy processor posted quarterly results that fell short of expectations and downgraded its full-year forecast amid "a challenging and rapidly evolving retail environment".

Most large-cap stocks were mixed across the board. Dollar/franc also posted hefty losses - the pair was last trading at 0.9666, down 0.8%. Kohl's also declined, sliding $2.53, or 6 percent, to $39.41. The trend appeared to overshadow strong quarterly revenue growth in the quarter.

Meanwhile, gold stocks bucked the downtrend, driving the NYSE Arca Gold Bugs Index up by 1.3%.

Gold bounced over the $US1270 an ounce level but closed at $US1266.50, a rise of 0.14%. Both pairs touched near two-week lows during today's trading while a considerable portion of the franc's earlier gains were retraced by late European trading hours.

Oil prices rose after a report showed USA refineries processed record amounts of crude in the latest week, eating into inventories.

At 5.00 a.m. ET, U.S. crude hovered around $49.40 per barrel, while Brent stood around $52.37.

Oil prices extended gains after rising nearly 1 percent overnight.

In total, 10 of the 11 S&P sectors settled in the red, with utilities (+0.3%) the only gainer. In other precious metals, silver surged 1.7% to $17.20 an ounce after hitting $17.24, its highest since June 14. Simon Property Group fell 2.1% to $162.86.

CURRENCIES: The dollar slipped to 109.26 yen from 109.85 late Wednesday.

The Swiss franc last stood at 1.1332 per euro, down slightly on the day.

The Philippine central bank will also make its monetary policy decision later in the day.

London's FTSE 100 was almost 1% down during morning trading with share indices in Germany, France and Italy also in the red. The FTSE 100 ended 44.67 points lower at 7498.06. South Korea's Kospi fell 0.5 percent.

Valeant Pharmaceuticals International Inc lost 4.0 percent to C$18.96 after the company said its subsidiaries in Australia were the subject of a tax audit.

Otras noticias

Tendencias Ahora

Hurricane season will be more active than expected, new forecast says
In addition, NOAA said wind and air patterns as well as warmer sea surface temperatures this season favor storm development. NOAA says residents on both the Gulf and Atlantic Coasts should prepare for a major storm regardless of predictions.

Dow Tumbles as North Korea Tensions Simmer
TIME OUT: Fossil tumbled 23.7 percent after the watch maker said sales continued to weaken, falling short of analysts' estimates. The weakness reflected geopolitical concerns amid a continued increase in tensions between the US and North Korea .

State Dept. Says Trump On 'Same Page' As US Officials
The Dow Jones industrial average broke a 10-day streak of record highs on Tuesday, closing down by 0.2%, or 33 points. Pyongyang said it was examining plans for attacking Guam, a USA territory in the Pacific that has a US military base.

IPhone 8 Release Delayed According to New Report
Therefore, the company hasn't been providing too many details regarding its heavily-speculated iPhone 8 smartphone. Also, it's possible the lines of code have absolutely nothing to do with facial recognition technology.

Jon Jones Open To Working With WWE?
Jones (23-1) completed his rocky journey back to the top after a yearlong suspension with his 14th consecutive victory. Still, the matchup remains an intriguing one and would be a fun way to start Jones' second reign as champion.

Season 7, Episode 5 "Eastwatch" preview images
If you're not caught up to the latest episode , you should probably watch Aaron Rodgers' insane trick throw instead. Why take that risk? "I don't like a lot of people talking during it; I'd rather watch alone", Rodgers says.

BJP to move court against EC's Gujarat Rajya Sabha election ruling
Not only this, the party won a thumping majority in the 2017 state Assembly elections, which also saw Yogi Adityanath at the helm. The BJP fielded three candidates-Shah, Irani and turncoat Siddhpur MLA Balvantsinh Rajput-and Congress its veteran Ahmed Patel .

Arsenal v Leicester: Premier League preview, line-ups & predictions
Both teams will be keen to start the season with a win, having suffered opening-day losses 12 months ago. Howard in an effort to surround their franchise quarterback with more playmakers.

Chelsea must make signings — Conte
Because of this, Liverpool legend Carragher has said that he thinks it's unlikely that Conte will be their manager in a year. They say you must sign and freshen up when you're at you're strongest, and Chelsea certainly haven't done that.

Look out for fake eclipse glasses
Most any of the solar shades you find should work as long as they are compliant with 12312-2 worldwide safety standards . On August 21, you may want to head outside during your lunch break to catch the 2017 total solar eclipse .