S&P 500, Dow end lower with energy, financials; Tesla falls

Traders work on the floor of the NYSE in New York

The S&P 500 is up 13.23 points, or 0.5 percent.

The S&P 500 and Dow ended down slightly on Thursday as gains in Apple (AAPL.O) and Amazon (AMZN.O) were offset by losses in energy and financial shares.

The Nasdaq is up 79.77 points, or 1 per cent.

Markets in Europe were also turbulent with Germany's DAX falling two percent, French CAC 40 falling nearly two percent, and Britain's FTSE 100 declining 0.8 percent. The S&P 500 erased 0.075 point, or 0.03 per cent, to 2,857.70, Xinhua news agency reported. The S&P is also less than half a percent shy of the record it hit in late January. The S&P 500 posted 26 new 52-week highs and three new lows; the Nasdaq Composite recorded 97 new highs and 68 new lows.

"When we see the earnings growth in 2018, the multiples are reasonable at that record level", said Art Hogan, chief market strategist at B. Riley FBR in NY.

Cimarex Energy (N:XEC) fell more than 7 percent after posting disappointing quarterly results.

Horizon Employee Conveyed Flying Knowledge to Air-Traffic Controllers
Officials say the stolen turbojet was in the north part of the airport and was not scheduled for flights last night. This will be a major learning event for the aviation industry, CNN aviation analyst Justin Green said.

Kerala on high alert as flash floods kill 37
The state, however, is still on high alert as Meteorological Department forecast heavy rainfall for the next four days. At least 36000 people have been evacuated and over 30000 relief camps have been set up by the Kerala govt.

Tesla board to meet to discuss taking company private
Both were on the solar panel installer's board, and Musk, whose cousins ran the company, also was SolarCity's largest shareholder. Their statement came less than a day after Tesla CEO Musk announced on Twitter on Tuesday that he wants to take Tesla private.

The number of Americans filing for unemployment benefits unexpectedly fell last week, a Labor Department report showed.

Seven of the 11 major S&P sectors were lower. Shares of Apple rose 0.8 per cent, while those of Amazon were up 0.6 per cent.

At 2:47 p.m. (1847 GMT), the Dow Jones Industrial Average was down 270.25 points, or 1.06 percent, to 25,238.98, the S&P 500 had lost 25.21 points, or 0.88 percent, to 2,828.37 and the Nasdaq Composite had dropped 65.17 points, or 0.83 percent, to 7,826.61. Rite Aid fell 11.5 per cent after the drug store chain and United States grocer Albertsons Cos agreed to terminate their merger agreement.

Meanwhile, in the USA, the dollar strengthened, gaining 0.68%. "You have banks losing because the 10-year U.S. Treasury (yield) came down".

Declining issues outnumbered advancers for a 1.55-to-1 ratio on the NYSE and for a 1.20-to-1 ratio on the Nasdaq. That compares with the 6.4 billion-share daily average for the past 20 trading days, according to Thomson Reuters data.

Related News:

  • Surge in part-time work offsets full-time losses, helps drops unemployment rate

    Surge in part-time work offsets full-time losses, helps drops unemployment rate

    The national average saw a 0.2 per cent change from last month's figures as well - but in the opposite direction. Nationally, employment rose by 54,000 in July, with the unemploymet rate dropping slightly to 5.8 per cent.
    NASA postpones for 24 hours launch of historic spaceship to Sun

    NASA postpones for 24 hours launch of historic spaceship to Sun

    The current close-to-the-sun champ, NASA's former Helios 2, got within 27 million miles (43 million kilometers) in 1976. Unfortunately, we didn't have enough time this evening to go troubleshoot that and try again for a launch.
    Zimbabwe opposition mounts legal challenge against election result

    Zimbabwe opposition mounts legal challenge against election result

    Mr Chamisa wants the court to declare him the victor or call a fresh election, his lawyer told Reuters news agency. By narrowly winning more than 50% of the vote Mr Mnangagwa avoided a run-off election against Mr Chamisa.
  • Infowars Tweets Deleted After CNN Cites Examples of Twitter Policy Violations

    Infowars Tweets Deleted After CNN Cites Examples of Twitter Policy Violations

    He was sued for defamation by families of some of the children killed in that attack, which left 20 children and six adults dead. Jones is now facing a raft of defamation lawsuits , including multiple suits from the families of Sandy Hook victims.
    Rescue effort for sick orca is ready - if pod can be located

    Rescue effort for sick orca is ready - if pod can be located

    The animal, which was last seen Friday in Canadian waters, is part of a population of critically endangered orcas that's dwindled to just 75 whales.
    Mission to the sun lifts off Saturday morning

    Mission to the sun lifts off Saturday morning

    While granting us life, the sun also has the power to disrupt spacecraft in orbit, and communications and electronics on Earth. Nasa says the TPS has been tested to withstand up to 1,650C temperatures and "can handle any heat the sun can send its way".
  • Senate Judiciary announces Kavanaugh's confirmation hearing

    Senate Judiciary announces Kavanaugh's confirmation hearing

    Kavanaugh was nominated 57 days before the announcement about a hearing date was made Friday afternoon. "He's a mainstream judge. Kavanaugh could be President Donald Trump's second addition to the high court, following Justice Neil Gorsuch.
    Emery confirms Arsenal captain for the season

    Emery confirms Arsenal captain for the season

    The winger cut inside from the left flank and turned Arsenal's defence inside-out before firing past Petr Cech. Yesterday the transfer window closed and our players will stay with us". "We finished with the spirit I want.
    Chelsea legend Frank Lampard handed harsh managerial lessons by Leeds

    Chelsea legend Frank Lampard handed harsh managerial lessons by Leeds

    Derby County and Leeds United go head-to-head in Saturday's late kick-off, as Frank Lampard takes charge of his first home game. The visitors held the lead for seven minutes as Derby levelled with a goal that will give Bailey Peacock-Farrell nightmares.
  • David Wagner: Huddersfield 'tried everything' against Chelsea

    David Wagner: Huddersfield 'tried everything' against Chelsea

    Laurent Depoitre had Town's best chance in the second half but he shot wildly over after being teed up by Florent Hadergjonaj. Sarri added: "The club was willing and we took a great goalkeeper, very young but he can become a great goalkeeper".
    Ranking English Premier League transfer business: 20-11

    Ranking English Premier League transfer business: 20-11

    Centre-back Alfie Mawson, signed from Swansea for £15m, was another coup, while Calum Chambers joined on loan from Arsenal . They have a new coach in Spaniard Javi Gracia and have lost Brazilian winger Richarlison to Everton .
    Fortnite for Android goes

    Fortnite for Android goes "off market"

    Just fire up the Play Store on your phone, and search for " Fortnite Mobile" or some variation on the name to get the message. While this move will make Epic Games more money than otherwise, it will also set up a risky precedent for Google.


Most liked

Cristiano Ronaldo scores for Juventus on his friendly debut
Ronaldo tries to keep the ball up for his teammate but mis-controls the ball leaving him red-faced and his opponents in stitches. It's not against top competition, but he looks comfortable and his scoring touch, as expected, is still there.

Erdoğan: We challenge your dollar operations
But Erdogan indicated he was in no mood to offer concessions to the United States , or financial markets. "I am asking you". An important emerging market, Turkey borders Iran, Iraq and Syria and has been mostly pro-Western for decades.

Activists Met With Tense Confrontation On Charlottesville Anniversary
Heyer was killed when an alleged far-right protester drove his auto into a group of antifa supporters on August 12, 2017. But on Saturday, he tweeted: "The riots in Charlottesville a year ago resulted in senseless death and division".

England's Alastair Cook Backs Adil Rashid to Handle Pressure of India Test
India may be the world s top-ranked Test side but they still face accusations they are lions at home and lambs overseas . If India wins 5-0, then they will rise to 129 points and England will drop to sixth place on 94 points.

Jury: Roundup Caused California Man's Cancer; Awards $250 Million
Roundup is Monsanto's leading product and glyphosate is reportedly the world's most commonly used weed killer. Monsanto denies that glyphosate causes cancer and says it intends to appeal against the ruling.

Traore swaps Middlesbrough for Wolves
It's believed Wolves are due to speak to the 21-year-old today in a bid to convince him to move to Molineux from the Premier League champions.

Omarosa Says Donald Trump Is Trying To Start A Race War
She acknowledges she had never been able to obtain or hear the tapes but said three unnamed sources had described their contents. Specifically, by saying that she taped conversations, Manigault Newman holds her would-be attackers at bay.

Samsung Galaxy Note 9 to be released on August 24
Other leaks suggest that the S Pen's color may be different from that of the body of one model of the phone for the first time. That might be a tough call as the Note 9 might not be a mass phone that it needs to be to rake in the volumes.

Deported Asylum-Seekers Brought Back On Angry Judge's Orders
Law&Crime reached out to the Justice Department for comment, but they have yet to respond. It all stems back to a mother, known in court filings as only " Carmen ".

Paul Pogba Named Manchester United Captain - Starting XI V Leicester Confirmed
Pogba played a key part in France's successful World Cup campaign and was therefore allowed to miss most of United's pre-season. Barcelona did not make an offer for Manchester United midfielder Paul Pogba , the World Cup winner's agent has confirmed.

Trump condemns racism and violence ahead of anniversary of fatal Charlottesville rally
Kessler initially wanted to return to Charlottesville, but the city denied his request , so he headed to the nation's capital. Rachel Inlow visited the mall Friday evening and is one of many people who appreciates the places that are remaining open.

Powerful Aftershock Shakes Survivors of Indonesia Quake
A field hospital has also been established near an evacuation centre catering to more than 500 people in the village of Tanjung. However, Sutopo Purwo Nugroho, the spokesman for the national disaster agency , said the number of deaths will increase.

Here are the glorious proposed logos for Donald Trump's Space Force
The change, which would require approval from Congress, would be a dramatic change in the organization of the Defense Department . Democratic Senator Brian Schatz, who is on the Defense Appropriations subcommittee, said the Space Force was a 'dumb idea'.

History made at Lord's as rain prevents play on day one
Hosts England lost Keaton Jennings for 11 runs after a quick start, as Mohammed Shami provided the breakthrough for India . Bairstow reached his half-century first, cover driving wrist-spinner Kuldeep Yadav for four, before Woakes outpaced him.

Doom Eternal will have singleplayer DLC
Based on what was revealed at the show, it sounds like this is going to be a new Doom game rather than a remaster or a remake. Of course, the footage was packed with a variety of terrifying new demon types, including a teased boss encounter.