Markets Right Now: Stocks are mostly lower; bond yields rise
16 May, 2018, 14:21 | Author: Brooke Harris
Oil prices ended a shade firmer after retreating from multi-year highs hit early in the day on Tuesday, supported by concerns that USA sanctions on Iran are likely to restrict crude exports from one of the biggest producers in the Middle East.
Stocks fell on Tuesday, with the Dow Jones industrial average closing in the red for the first time in eight sessions, as bond yields spiked to multi-year highs on the back of strong economic data and the U.S. entered another round of trade talks with China. The Nasdaq composite dropped 0.8 percent to 7,351.63 as Amazon, Microsoft and Google-parent Alphabet all pulled back more than 1 percent. The Dow Jones Small-Cap Growth TSM Index closed at 9,941.29 for a loss of -8.02 points or -0.08%. Treasuries were a key factor for the market Tuesday as investors watched 10-year Treasury yields climb to 3.08%.
The S&P 500 posted 10 new 52-week highs and seven new lows; the Nasdaq Composite recorded 82 new highs and 51 new lows. "A stronger dollar means downward pressure". Bond yields tend to rise when investors expect faster economic growth and higher inflation.
U.S. retail sales increased at a moderate 0.3 per cent in April as rising gasoline prices took a bite out of discretionary spending, according to the U.S. Commerce Department. The move raised expectations for further interest rate hikes from the Federal Reserve.
"The stock market was due for a digestion of the gains that we've seen over the last eight trading sessions", said Quincy Krosby, chief market strategist at Prudential Financial.
Andhra boat capsize: Joint rescue effort being conducted
Apparently due to the heavy wind and storm, they have locked the boat doors, which in turn became a curse for the passengers. The Chief Minister directed the District Collector to deploy special teams to rescue the victims, a release said.
The yield on the 10-year Treasury rose to 3.07 percent from 3 percent late Monday. Small-company stocks also rose. KeyCorp rose 1.5 percent.
Home Depot dropped 1.4 percent to $187.98 after the home-improvement retailer reported weaker-than-expected sales, partly because of inclement weather, and said the second quarter got off to a slow start.
Gains in health care and energy stocks outweighed losses in real estate companies and other sectors.
The Russell 2000 is up 64.83 points, or 4.2 percent. Gold fell $27.90, or 2.1 percent, to $1,290.30 an ounce.
Tom Wolfe had only one thing about him that was informal and unfussy in his later life, and that was his first name. In the collection Wolfe wrote, "The most important literature being written in America today is in nonfiction".
There's also no word on whether the Honor 10 will come to the USA or Australia but as the Honor 9 didn't we wouldn't expect it to. The smartphone features the trendy notched display at the top but retains a chin at the bottom to adjust the fingerprint scanner.
Lava erupts from a fissure on the outskirts of Pahoa during ongoing eruptions of the Kilauea Volcano in Hawaii on May 14, 2018. Ash has been rising almost continuously from the vent and drifting downwind to the southwest.
The tweet has received over 57,000 likes, 25,000 retweets and more than 13,000 comments at the time of publishing this article. This takes us back to the social media debates over the blue/gold or white/black dress and the gray or pink shoe .
Facebook took action against 2.5 million pieces of content in the first quarter, up 56 per cent over the previous quarter. The firm disabled about 583 million fake accounts which were disabled minutes after registering.
Earlier, a leaked image posted by tipster Evan Blass confirmed that the OnePlus 6 will retain the headphone jack. The smartphone is said to be available in two finishes, one a Mirror Black and the second a Matte Black.
Muslims continue with work and school during Ramadan , though they are encouraged to inform their employer or teacher of the fact. Our Constitution ensures Muslims can observe Ramadan in accordance with the dictates of conscience and unimpeded by government.
Nanny sentenced to life in prison without parole
Prosecutors said Ortega was driven to kill because she was jealous of Ms Krim and resentful of the cleaning she had to do. Yoselyn Ortega was convicted last month in the deaths of 6-year-old Lucia Krim and 2-year-old Leo Krim .
Nokia X6 with 19:9 display, Dual Camera and Notch Launched
Moving to the software department, HMD Global has added AR stickers to the front camera along with face unlock feature. Meanwhile, the Finnish tech giant is now preparing to unveil Nokia X or X6 in China on May 16 as per the reports.
Dominant Hamilton wins in Spain, Vettel fourth
Following a safety vehicle appearance, Hamilton got the whole shot on the restart and rabbited away. "Ferrari did the opposite". His pole position, taken after a close battle with teammate Valtteri Bottas and Vettel, was greeted with relief.
Boeing Airbus trade dispute concluded
Novick didn't put a price tag on the countermeasures but said they would be in the billions every year. Should the United States decide to retaliate, any countermeasures could take months to decide.