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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
"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.
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.
Raspberry Pi 3 Model B+: An insider's guide (free PDF)
While the previous model B only supported 2.4GHz Wi-Fi, this new board comes with a dual-band 2.4GHz and 5GHz wireless antenna. It's powered by a quad-core ARM Cortex-A53 processor which runs at 1.4GHz (compared to 1.2GHz for the Raspberry Pi 3's CPU).
5 places in Wilmington to celebrate National Pi Day
There are plenty of places to get some cheap pie in the Seattle area on Pi day, celebrated predictably on March 14. Your Pie , at 4403 Oleander Drive , will host its 10th annual Pi (e) Day event on March 14 to celebrate.
Kurdistan airports open to global flights
It also specified that the biometric system used in the Kurdistan Region's airports will be linked with the federal system. Around 25 million Kurds live in a territory that spans the borders of modern-day Turkey, Iraq, Syria, Iran and Armenia.
Xiaomi Redmi 5 India Launch Event Today
The Redmi 5 will most likely be positioned in the affordable price segment, below its elder sibling, the Redmi Note 5 . The company has already revealed that the yet to be launched smartphone will be exclusively available on Amazon.
Harry Kane 'ruled out until May'
England will face Tunisia, Belgium and Panama in the World Cup group stage in Russian Federation . Mauricio Pochettino's side travel to Swansea for an FA Cup quarter-final on Saturday before...
Zarif opens Iran-Pakistan business forum in Karachi
The move may be seen as Zarif's bid to allay concerns here over the Indian involvement in the Iranian port, Dawn online reported. On the other hand, Pakistan issued a demarche to India saying it was becoming hard for its diplomats to function in Delhi.
Philippines Withdraws From ICC
Lu was asked by the media to comment on United Nations high commissioner Zeid Ra'ad Al Hussein's comment on Duterte. It's being treated as a diplomatic affront.