Markets Right Now: Tech leads stocks lower; bond yields rise
Markets Right Now: Tech leads stocks lower; bond yields rise
Daily June E-mini NASDAQ-100 Index
16 May, 2018, 08:39
USA ambassador to China Terry Branstad said the two countries remain "very far apart" regarding a tariff resolution, after which White House economic adviser Larry Kudlow told Politico he supports efforts to reach an agreement.
Stocks struggled to a mixed finish on Wall Street as weakness in smaller-company stocks offset gains in large companies.
BOND YIELDS: Bond prices fell.
Banks bucked the downward trend Tuesday and rose along with bond yields. The blue-chip Dow Jones grew by 68.24 points, with UnitedHealth and Walmart being the best-performing stocks in the index.
The Dow Jones Industrial Average .DJI fell 193 points, or 0.78 percent, to 24,706.41, the S&P 500 .SPX lost 18.68 points, or 0.68 percent, to 2,711.45 and the Nasdaq Composite .IXIC dropped 59.69 points, or 0.81 percent, to 7,351.63.
On the economic front, advance estimates of U.S. retail and food services sales for April were 497.6 billion U.S. dollars, an increase of 0.3 percent from the previous month, in line with market expectations, said U.S. Commerce Department on Tuesday. Essex Property Trust fell 3.4 percent. The yield on the 10-year Treasury rose to 3.07 percent from 3 percent late Monday. Higher mortgage rates can make it harder for would-be buyers to purchase a home.
Google worker rebellion against military project grows In October of 2017, over 100 companies attended an industry event related to Project Maven, according to the Defense Department. It means that a drone would be able to pick out a known terrorist in a crowd and centre any attack on that area.
Facebook suspends 200 apps over possible data misuse The whole access-fiasco has been under the control of David Stillwell and Michal Kosinski at the University Psychometrics Centre. All of this data was then scooped up and the names removed before it was put on a website to share with other researchers.
The benchmark 10-year note's yield climbed to 3.09% in afternoon trading, and it is up more than 67.1 basis points in 2018, according to data from bond platform Tradeweb.
TECH TUMBLES: A slide in technology stocks weighed on the market. The Nasdaq is up 4 percent. Agilent Technologies slid 9.2 percent to $62.88.
MARKETS OVERSEAS: In Europe, Germany's DAX fell 0.1 percent after new data showed the country's economy slowed in the first quarter.
ENERGY: Benchmark U.S. crude oil reversed an early side, rising 35 cents to settle at $71.31 a barrel in NY. Brent crude, used to price global oil, added 20 cents to $78.43 in London.
Small-company stocks fell. The Russell 2000 lost 6 points, or 0.4 percent, to 1,600. The Dow is on track for a gain of 2.2 percent, while the S&P 500 is closing in on a gain of 2.4 percent.
Home Depot Inc (HD.N) shares slipped 1.6 percent after the home improvement retailer missed sales forecasts as the long winter put a damper on demand for spring products.
Protesters burned an American flag and railed against the U.S. and Israel after emerging from Friday prayers in Tehran . And on the weekend, PM Theresa May spoke with the Iranian president to clarify the UK's position of upholding the deal.
Bush-era "enhanced interrogation" programs - now widely viewed as torture - as key to his opposition to her. Bill Nelson of Florida became the fifth Democrat to announce backing for Haspel's confirmation.
They will be pulling the couple's carriage of choice an Ascot Landau along with another four horses during the procession. Thomas Markle and Ragland divorced when their daughter was 6-years-old, but they both played an active role raising her.
The front camera supports bokeh mode, and it also has support for studio lighting effects in a range of lighting conditions. Two of the colour variants have a dual-tone colour of blue and pink and in the images at least, looks pretty fantastic.
The new legislation restricts the work of NGOs that receive foreign funding, imposing a punitive 25% overhead tax on donations. Earlier against Soros and his Foundation in Hungary was launched large-scale campaign.
The Boston Celtics systematically dismantled the Cleveland Cavaliers piece by piece in Game 1 of the Conference Finals series. The Celtics showed James several different looks throughout the game , switching as many as five different players on him.
Hilliard added that his clients would feel "more comfortable" if Jefferson Parish police weren't involved in the investigation. Robinson had been a target of a narcotics investigation, suspected of dealing drugs , Lopinto told re porters last week.
Its director at the time Bryan Singer (X-Men), was sacked for, what he claims, looking after ill parents. Malek bares a striking resemblance to Mercury and seems to have studied his moves to a tee too.
However even if Holyrood votes to refuse consent, Westminster can still go ahead and introduce the legislation anyway. With consent having been refused, Mr Russell will now write to Theresa May's de facto deputy, David Lidington.
Black holes are so dense and their gravitational pull is so strong that no form of radiation can escape them - not even light. That may seem an extraordinarily long time to humans, but is minuscule in the time span of the universe.
The driver of the van, a 54-year-old man, has also sustained serious injuries and is now being treated in hospital. After spending his youth career at West Ham United and Charlton Athletic , Samuel moved to Villa in 1998.
Mahathir says may stay as PM for 1-2 years
"There are many faults committed by the previous government, but we can not do everything in one day, so you have to be patient". Malaysia's 92-year-old new Prime Minister Mahathir Mohamad says he may step down after only "one or two years" in office.
Capitals not ruling out Nicklas Backstrom for Game 3
It was the first home game for the Capitals in a conference final in 20 years, but it didn't go well for Washington. Louis to become Tampa Bay's all-time leading playoff power-play scorer, at 25 points, per Bryan Burns .
STALKER 2 announced, could arrive sometime in 2021
Four years later GSC was back, announcing a new RTS game called Cossacks 3 , and ever since the studio has been silent. The post says nothing more about the upcoming sequel or game, but you can read it over right here if you want to.