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Stocks Remain Firmly Negative In Mid-Day Trading

11 Agosto 2017, 06:10 | Azura Castelo

Stocks Remain Firmly Negative In Mid-Day Trading

Stocks Remain Firmly Negative In Mid-Day Trading

In Asia, markets were mostly lower after disappointing Chinese trade data. TripAdvisor shares shed $2.70, or 6.8 percent, to $36.85.

A raid on the Virginia home of President Donald Trump's former 2016 election campaign manager showed an investigation of possible ties between the campaign and Russian Federation is intensifying and focused on the financial dealings of Trump associates, sources familiar with the probe said. 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.

Pyongyang, which has threatened to fire missiles toward the US Pacific island territory of Guam, gave more details of its plans.

"I think (the North Korea situation) is going to continue to provide a little bit of support, but not enough to push prices significantly higher from here", said Hynes.

The CBOE Volatility Index, the most widely followed barometer of expected near-term stock market volatility, ended at a session low of 11.11 after rising as high as 12.63.


The escalating sentiments out of North Korea and Washington after the weekend UN Security Council sanctions helped send the price of the fail-safe currency up on Wednesday.

Some investors, however, still maintained a bullish outlook on equities.

The Cheong Wa Dae spokesman refused to elaborate on the steps to be taken, citing the sensitivity of such information, but said they "literally meant every possible measure we can take".

Markets had been bracing for a correction after weeks of record highs.

Commodity investors were looking at a positive start to the day earlier, with both gold and crude oil futures wanted.


Meanwhile, traders absorbed a report on jobless claims (http://www.marketwatch.com/story/us-jobless-claims-rise-by-3000-to-244000-2017-08-10) that showed that initial claims for USA unemployment-insurance benefits continue to reflect a strong labor market, even as they inched slightly higher. Core prices had been expected to rise by 0.2 percent.

Investors are also awaiting US inflation data due later this week for clues on when the US Federal Reserve would begin reducing its $4.2 trillion bond portfolio.

Blue Apron Holdings Inc (NYSE:APRN) posted a steeper-than-expected loss in its first quarterly report as a public company, though the meal service provider's revenue exceeded forecasts and its customer base grew by 23% during the past year. Shares of Tesla are trading 0.2% higher in electronic trading. Viacom slid 93 cents, or 3 percent, to $29.84.

Perrigo Co.(PRGO) shares rallied 16% after the drugmaker topped Wall Street estimates (http://www.marketwatch.com/story/perrigo-is-the-rare-generic-drugmaker-that-isnt-suffering-right-now-2017-08-10) for the quarter.

On the earnings front, News Corp. The Swiss franc and the Japanese yen also rose.


The major European markets are also seeing continued weakness on the day. The S&P hasn't moved more than 0.5 per cent in a day since July and has fallen more than one per cent only twice this year.



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