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profishingrods.com June 20, 2018


Large-Cap Stocks Mostly Lower on Monday, Tech Stocks Gain

14 March 2018, 08:41 | Cameron Gross

Traders work on the floor of the NYSE in New York Thomson Reuters

Traders work on the floor of the New York Stock Exchange  in New York U.S

"The big multinational, industrial companies of the world are all taking a hit on the concern that they will be the targets of reprisal sanctions", said Robert Phipps, a director at Per Stirling Capital Management in Austin.

Shares of companies such as Boeing Co (BA.N), down 2.9 percent, and Caterpillar Inc (CAT.N), down 2.4 percent, have been under pressure as Trump's protectionist stance on steel and aluminium imports could increase costs and hamper sales overseas.

Stocks dropped Tuesday as technology and financial companies weighed on the USA market, with the firing of Secretary of State Rex Tillerson adding to concern over White House turmoil.

The S&P 500 fell 17 points, or 0.6 percent, to 2,765. 300,994 shares of the stock were exchanged, compared to its average volume of 294,720.

The Nasdaq composite gained 27.51 points, or 0.4 per cent, to 7,588.32. Bank of New York Mellon gave back 1.3 percent and Nvidia, a chipmaker, rose 2.5 percent.

The Nasdaq is up 684.93 points, or 9.9 per cent.




European markets were higher today, with the Spanish Ibex Index rising 0.56 percent, STOXX Europe 600 Index gaining 0.37 percent and German DAX 30 index gaining 0.75 percent.

Broadcom rose 2.9 percent following report that Intel was considering a possible bid for the company.

Smith Moore & CO. boosted its stake in SPDR Dow Jones REIT ETF (NYSEARCA:RWR) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).

Several stocks were moving on deal news.

Optical communications company Oclaro soared 23 percent after agreeing to be acquired by Lumentum Holdings. The S&P 600 closed at 974.13 for a gain of 3.87 points or 0.40%. The Nasdaq composite gained 26 points, or 0.4 percent, to 7,588, another record high.

The Dow Jones industrial average climbed 116 points, or 0.5 percent, to 25,294.



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