Wall Street falls as high bond yields, sinking health stocks weigh
02 February, 2018, 21:10 | Author: Celia Hoffman
The Dow Jones industrial average dropped 241 points and briefly fell 352 points, with UnitedHealth as the biggest decliner. The S&P 500 broke a record streak without consecutive drops of 0.5%. Leading indices in Europe and Asia also closed deep in the red.
The Dow Jones Industrial Average rose 210 points, or 0.8%, to 26287. Shares of Apple fell 2.1 per cent on news that the company will halve production of its $999 iPhone X smartphone.
Yesterday's falls came shortly after senior executives at Goldman Sachs and Bank...
Pointing to the chart below, Higgins says "it is quite common for interest rates, government bond yields and equity prices to rise at the same time", adding the caveat that it usually requires investors to have a "growing appetite for risk and a positive view of corporate earnings".
In Lawsuit, 2 More Women Accuse Rapper Nelly Of Sexual Assault
Prosecutors have said they can't pursue a criminal case against Nelly because the woman decided not to cooperate with authorities. Nelly's countersuit comes after Greene's amended complaint claimed the rapper sexually assaulted two other women in England .
United States markets have suffered a second day of steep losses, as investors dumped health care companies and Apple.
The Dow climbed more than 100 points on Wednesday, signaling that the sell-off earlier this week may have been a blip instead of the start of a more serious downturn.
The selloff set traders in the options market fretting about a near-term shock to equities and the Cboe Volatility Index, the most widely followed barometer of expected near-term stock market gyrations, closed up 0.95 points at 14.79, its highest close since August 17. The S&P 500 still is up 6.7 per cent since the end of 2017.
US Treasury yields were at multi-year highs, extending gains from last week on the back of strong economic data and as investors braced for major central banks to step back from ultra-easy monetary policies. The Japanese yen strengthened 0.17 per cent versus the greenback at 108.79 per dollar.
Lockheed Martin rose 2.3 per cent after the weapons supplier forecast higher 2018 earnings.
Late Tuesday, President Trump will deliver his first State of the Union address.
Harley-Davidson Inc closed down 8.0 percent after announcing it would close a Kansas City plant in the face of declining shipments. 17 and its worst two-session percentage slump since September 9, 2016. Drug stocks such as Eli Lilly and Merck slumped on Wednesday, while the iShares NASDAQ Biotechnology ETF retreated 1%.
The lawmakers informed by the social media that the Congress was held under the slogan "Peace to the People of Syria". Representatives from various countries and global organizations were also invited as observers of the congress.
John Dunford, Defense Secretary James Mattis and Secretary of State Rex Tillerson - expressing concern about the prospect. Defense Secretary Jim Mattis gives the keynote address to kick off the 2017 annual meeting of the Association of the U.S.
The 5G network concept is aimed at addressing what officials see as China's threat to U.S. cybersecurity and economic security. Conway told USA TODAY the legislation was meant to fend off Chinese government infiltration into US networks.
Meanwhile here at home, Air Canada will only allow dogs to board as recognized emotional support or psychiatric service animals. "We know that some customers require an emotional support animal to assist them through their journey", the statement said.
This would make this the largest hack of cryptocurrency yet - breaking the previous record set by Mt.Gox of $340 million. All told, about 500 million XEM tokens, worth roughly $420 million, was stolen from Coincheck , according to Bloomberg .
Israel's Permanent Ambassador to the United Nations, Danny Danon, said there are 82,000 fighters under Iran's authority in Syria. Tel Aviv firmly opposes such actions and will act on its own if the global community won't handle the issue, he warned Putin.
Ingvar Kamprad began the flatpack firm on his parent's farm in 1943 and only stepped down from the board in 2013, 70 years later. The Swedish founder of the IKEA furniture chain, Ingvar Kamprad , has died at the age of 91, the company has announced.
The company now only operates the Falcon 9 rocket, which consists of a core first stage booster and a second stage. NASA's Saturn V moon rocket, used during the late 1960s and early 1970s, will still top the charts.
She adds, everyone should wash their hands with soap and water for at least 20 seconds and to do not forget to cover their cough. Oklahoma is one of several states reporting widespread influenza activity, with children being especially hit hard.
Described as the world's most powerful rocket built to date, the Falcon Heavy stands at 229 feet and measures 40 feet wide. However, the Kennedy Space Center Visitor Complex will remain open, but there will be no bus tours inside the space center.
The Thunder shooting guard was in the middle of both All-Defensive Team and Defensive Player of the Year discussions. In 39 games this season, all starts, Roberson is averaging 5.0 points, 4.7 rebounds and 1.2 assists.
Rep. Trey Gowdy WON'T SEEK Re-Election
Trey Gowdy (R-S.C.) announced Wednesday that he will not be seeking reelection in 2018 or running for any other political office. Gowdy is one of the highest-ranking Republicans to announce his plans to leave the US Congress.
Nokia 3310 4G officially announced in China
The 4G variant of the legendary Nokia 3310 was unveiled by HMD , in collaboration with China Mobile , in China today. New Nokia 3310 4G is similar to Nokia 3310 3G phone but with better performance and different operating systems .
Budget 2018: Timing, where to watch and other details
Therefore, we expect a host of measures such as increase in tax exemption limit for the salaried class in order to please them. The sector's growth is forecast to plummet to 2.1% this year as against 4% last year.
Army files counter FIR in Shopian firing that killed 3
His remarks, however, had no impact on the PDP, which is finding itself increasingly isolated on the issue of rights abuse. He was shifted to Sher e Kashmir Institute of Medical Sciences in Srinagar where he succumbed at 3 am on Wednesday.