Wall St rebounds on Fed bets but set for weekly loss
14 August, 2017, 01:25 | Author: Franklin Nunez
U.S. stock indexes opened higher for the first time in four days on Friday after tepid data pointed to benign inflation that could make the Federal Reserve cautious about raising rates again this year, even as concerns lingered over rising tensions between the United States and North Korea.
OIL: Benchmark U.S. crude lost 24 cents to $48.37 per barrel on the on the New York Mercantile Exchange while Brent crude, used to price worldwide oils, declined 20 cents to $51.70 per barrel in London.
The Dow Jones Industrial Average.DJI fell 204.69 points, or 0.93 percent, to close at 21,844.01, the S&P 500.SPX lost 35.81 points, or 1.45 percent, to 2,438.21 and the Nasdaq Composite.IXIC dropped 135.46 points, or 2.13 percent, to 6,216.87.
The dollar slipped to 109.04 yen from 109.26 late Thursday.
-North Korea tensions as market participants bought the yen as a safe haven.
With the rhetoric rumbling on, Europe's top-rated German bond yield held near six-week lows. The talk (in Washington) is that there must be a preventive strike made on North Korea, while Pyongyang is threatening to carry out a missile strike on the US base in Guam.
WALL STREET: Losses in health care and consumer-focused companies pulled USA stocks lower, snapping a 10-day winning streak for the Dow Jones industrial average. Oil also regained momentum as data pointed to declining US inventories.
Weaker-than-expected July consumer price data led investors to bet that benign inflation would keep the US Federal Reserve from raising rates again this year.
Investors also drew some encouragement from new government data showing US inflation at the consumer level inched higher last month.
The dollar was further weighed down on Friday by the soft USA inflation data. Seagate shares rose 74 cents to $32.29. Wanda Hotel Development shares rose 19.8% after the unit of China conglomerate Dalian Wanda Group said it would buy assets worth more than 7 billion yuan ($1.05 billion) as part of a restructuring.
Crude futures extended losses on fears of slowing demand and lingering concerns over a global oversupply.
North Korea had responded to Trump's previous promise to unleash "fire and fury" with a threat to land missiles near the U.S. Pacific territory of Guam.
BMW plunges 7 floors from downtown parking garage
Bowmer, who could not be reached by The Post, is looking to take legal action, though no suit has been filed yet, the paper said. Newly-released video shows the moment a vehicle plummeted from the seventh floor of a parking garage and landed upside down.
Macy's shares closed down 10.2 percent and Kohl's fell nearly 6 percent as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnarounds may still be a long way off.
As Tracy notes, both the USA and South Korea confirmed earlier Friday that the exercises were set to go on as scheduled at the end of August.
"If the USA and South Korea carry out strikes and try to overthrow the North Korean regime and change the political pattern of the Korean Peninsula, China will prevent them from doing so", the editorial's authors said.
In commodities trading, crude oil futures are slipping $0.10 to $48.49 a barrel after tumbling $0.97 to $48.59 a barrel on Thursday. The stock has more than doubled over the past 12 months, gaining more than 160%.
While the Russell 2000 index ended up 0.1 per cent on the day, it was more than 5 per cent below its July 25 record close and for the week it fell 2.7 per cent, its biggest weekly drop since February 2016.
NYPD officer shot in Brooklyn
De Blasio said the wounded cop had a "great attitude" as he lay in his hospital bed and even made light of his situation. Police say a man walked into Mike's Heavy Duty Towing and forced a female employee on the ground as he simulated a gun.
South Africa's parliament has convened to vote on a no-confidence motion against South African President Jacob Zuma . The African National Congress has 249 seats in the 400-seat parliament and the opposition controls 151 seats.
The footage shows the huge explosion in Ryhope, Sunderland , as pieces of the house are sent flying through the air. Supt Steve Hartley, from Northumbria Police, said: "Thankfully she was OK and taken to a local hospital".
Hopefully, now I can start to repay them with good performances and goals as we all strive to take the club to the next level. I think Everton will win this game. "We brought some players in but we would like to bring some more in".
But perhaps the answer that baffled Wenger the most was when the German defender said his favourite pet animal was a guinea pig. The £52 million signing became the first Arsenal player to score on his Premier League debut since Thomas Vermaelen in 2009.
The move also allows the company, which has more than 2 billion monthly users, to go after more lucrative video ad dollars. Watch can give a tough fight to platforms like YouTube , Netflix , Amazon Prime Videos and even the regular TV shows.
The mother says her baby is OK, and she doesn't believe her niece was trying to abuse her daughter but was rather joking around. The pair appeared in juvenile court in Salem and were released into the custody of their parents. "I'm traumatized from that".
From Rotoworld: Stratton allowed three runs - two earned - over five innings Saturday in a no-decision versus the Diamondbacks. When Harper left the stadium, he was walking on his own power in the Nationals' clubhouse around 1:45 a.m.
He was certainly badly concussed. "They were ringing us, anxious about him stumbling out of the vehicle , incoherent". Floyd Mayweather has stated that going the distance with Conor McGregor will be considered a victory by the UFC star.
A giant inflatable chicken with a very familiar hairstyle has been placed in a park within eyeshot of the White House . The chicken reportedly cost Brar $1,300, was designed by Casey Latiolai, a Seattle artist, and was produced in China.
Humidity builds in NH, rain for Saturday
The storms do come with a weak cold front, so the high temperature and humidity lowers for Friday . Clouds and scattered showers are expected to linger Saturday as the storm moves to the east then.
Snap is plunging after missing on earnings (SNAP)
Now, Snapchat has a third breakthrough filter: a dancing hotdog, that has gyrated virtually on people's screens around the world. Nowak said Snapchat is also facing tougher competition from Facebook-owned Instagram, which has been offering similar services.
Long, Houston Out for Bears vs. Broncos
But that was all the scoring Denver would muster until the fourth quarter when the rookies had their chance to shine. Unlike Siemian, Lynch got slightly better as the night progressed, saving his best drive for last.
Scaramucci to guest on Colbert's 'Late Show' next week
Colbert said he plans to ask Scaramucci what it's like inside the Trump White House and "how loyal he feels the president is now". Stephen Colbert could not be more excited for The Mooch to appear on " The Late Show " Monday night.
Microsoft Loses Consumer Reports Recommendation on 4 Laptops
In Consumer Reports' lab testing, the Surface series regularly earned high marks thanks to its performance and specifications. Issues reported with Surface devices included freezing, unexpected shut downs, issues with their touchscreens, and more.