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profishingrods.com October 18, 2017


US Stocks Poised for Weekly Decline

12 August 2017, 10:31 | Joann Bryant

Dow goes for 10 record highs in a row

A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan New York City

"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.

The market indexes wavered between small gains and losses for much of the morning, then veered lower by afternoon.

Trump tweeted on Wednesday about the strength of the American nuclear arsenal, but expressed hope it would not need to be used, while U.S. Secretary of State Rex Tillerson said he did not believe there was an imminent threat.

At 12:28 p.m. ET, the Dow Jones Industrial Average was down 52.87 points, or 0.24 percent, at 22,032.47, the S&P 500 was down 2.8 points, or 0.11 percent, at 2,472.12.

Wall Street's fear gauge-the CBOE Volatility Index or the VIX-jumped 36 percent to 15.06.

A Reuters Datastream index of more than 7,000 stocks across the globe saw its market capitalization drop from a record high $61.36 trillion on Monday to $60.43 trillion at the close on Thursday.

Emerging market stocks lost 1.28 percent.

Shane Oliver, head of investment strategy at AMP Capital in Sydney, said: "What has changed this time is that the scary threats and war of words between the U.S. and North Korea have intensified to the point that markets can't ignore it".




On Thursday, the CBOE Volatility Index, a barometer of expected near-term stock market volatility, closed at its highest since the USA presidential election. The Dow slumped by 1.1%, while the Nasdaq and the S&P 500 tumbled by 1.5% and 1.4%, respectively.

The Korean won continued to fall versus the dollar, down 0.13 per cent to 1,143.5 on Friday for a 1.6 per cent decline on the week.

The Japanese yen last strengthened 0.03 per cent versus the greenback at 109.22 per dollar.

Benchmark 10-year notes last rose 5/32 in price to yield 2.194 percent, from 2.211 percent late on Thursday. The iShares MSCI South Korea Capped ETF fell 2%. During the session it sank to its lowest level since May.

Ongoing global glut concerns lingered in oil markets despite a bigger-than-expected draw in US crude inventories.

US crude oil futures settled almost 2 percent lower at $48.59 a barrel, as Russian Federation considered a future output resumption and the Organization of the Petroleum Exporting Countries boosted its July production numbers.

The latest USA economic data cemented expectations that inflation will remain subdued amid a robust labour market. Hong Kong's Hang Seng added 0.6 percent. Germany's DAX Index fell 0.6 percent, while the UK's FTSE 100 Index retreated 1.2 percent, and France's CAC 40 Index slid 1.4 percent. A separate Labour Department report showed initial claims for state unemployment benefits rose 3,000 to a seasonally adjusted 244,000 for the week ended August 5.



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