Economy

How major US stock indexes fared Friday

How major US stock indexes fared Friday

The industrial index fell 0.3 percent as a drop in shares of trade-sensitive stocks such as Boeing and Caterpillar dragged.

The S&P 500 closed at 2,833.28 for a loss of -20.30 points or -0.71%.

Aug 9 (Reuters) - The Dow and the S&P 500 were little changed, while the Nasdaq was firmly higher, propped up by the high-flying technology trio of Apple, Amazon and Microsoft.

The Nasdaq added 27.09 points, or 0.3 percent.

The Toronto Stock Exchange's S&P/TSX fell 90.47 points, or 0.55 per cent, to 16,326.51, led lower by the health care, consumer staples and utilities sectors.

The S&P 500 was just 1 percent shy of a record it hit on January 26 on Tuesday as an estimated 24 percent jump in earnings from S&P companies underscored the strength of the world's biggest economy and corporate sector. The Nasdaq also neared its all-time high.

"We seem to be able to put trade worries on the back burner and focus on second-quarter results, which have been significantly positive", said Art Hogan, chief market strategist at B. Riley FBR in NY. Shares of Norwegian Cruise Line rose more than 4 percent, but Booking Holdings fell after issuing a weak third-quarter profit forecast.

Donald Trump condemns racism on anniversary of violent Charlottesville alt-right rally
Some leading figures in the US white nationalist movement have said they won't attend or have encouraged supporters to stay away. Authorities eventually forced the crowd to disperse, but a auto later barrelled into the crowd of peaceful counterprotesters.

The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that a strong economy was helping the labor market.

About 5.9 billion shares changed hands on US exchanges.

Sinclair dropped 2.9 percent after Tribune Media dropped its $3.9 billion deal to be acquired by Sinclair and filed a lawsuit against the company for breach of contract.

All the 11 major S&P sectors were trading in the red.

Leading sector declines was the S&P energy index.SPNY, which fell 0.9 percent. Shares of Apple rose 0.8 per cent, while those of Amazon were up 0.6 per cent.

Chip stocks fell after Morgan Stanley downgraded the USA semiconductor industry saying upside to estimates is hard to come by.

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.


  • Juventus' Cristiano Ronaldo scores goal vs. U20s in first appearance

    Juventus' Cristiano Ronaldo scores goal vs. U20s in first appearance

    Ronaldo joined the team for training on Wednesday after their return from the International Champions Cup in the United States. Cristiano Ronaldo scored his first goal for Juventus today, albeit in the pre-season friendly, against a Juventus B team.
    Torchlight Frontiers Arrives In 2019

    Torchlight Frontiers Arrives In 2019

    This is undoubtedly great news, as the original developers of Torchlight , Runic, shut down around nine months ago. The shared world part points to an online only game with persistent servers and procedurally generated worlds.
    Tesla board mulls over Elon Musk's bid to take the company private

    Tesla board mulls over Elon Musk's bid to take the company private

    News of the potential buyout already has stung investors known as "short sellers" who have always been a thorn in Musk's side. Munster estimates Musk will need $25 billion to $30 billion to buy out all the Tesla shareholders who want to sell at $420.
  • Jobs numbers up, but rate hike not necessarily on way

    Jobs numbers up, but rate hike not necessarily on way

    Average hourly wages in July, a figure watched closely by the central bank, rose by 3.0 percent from a year earlier. In total there were 34,700 who were unemployed in July, up from 34,400 in June.
    NASA second attempt at solar probe launch

    NASA second attempt at solar probe launch

    The spacecraft will analyse so-called "space weather", which is large eruptions of radiation from the sun which batter Earth. The problem on Saturday had to do with the gaseous helium pressure alarm on the spacecraft, officials said early Saturday.
    Actress Sean Young wanted for questioning in burglary

    Actress Sean Young wanted for questioning in burglary

    She infamously ambushed Tim Burton in the '90s, hoping to be cast as Catwoman (the role went to Michelle Pfeiffer). Despite her troubles, her IMDB shows that she has been acting regularly.
  • Brazilian Ronaldo In Intensive Care In Ibiza Hospital

    Brazilian Ronaldo In Intensive Care In Ibiza Hospital

    He scored 62 goals in 98 appearances for his country and played for some of the top clubs in Europe. Two of those were the only ones that Brazil scored against Germany in the 2002 World Cup final.
    Jurgen Klopp feels Alisson will settle into the Premier League quickly

    Jurgen Klopp feels Alisson will settle into the Premier League quickly

    The champions are Manchester City. "We are the ones who have to do more, fight more, and that must be our attitude". Clubs go there and put 10 behind the ball and you need to break them down and Shaqiri has got that in the locker".

    Huddersfield Town 0 Chelsea 3: Disappointing result, not display, claims Wagner

    Chelsea: Kepa 6, Azpilicueta 6, Rudiger 6, Luiz 7, Alonso7, Jorginho 8, Kante 7, Barkley 6, Pedro 7, Morata 6, Willian 8. Substitutes: Caballero, Christensen, Zappacosta, Moses (N/A), Loftus-Cheek (7), Hazard (8), Giroud.
  • Kavanaugh Hearing Date Set for September 4 in Senate

    Kavanaugh Hearing Date Set for September 4 in Senate

    Burck vetted the initial documents from the Bush Library, the documents were sent only to the Senate Judiciary Committee members. Bush's administration, Republicans and Democrats continue to feud over what could be more than 1 million pages of documents .
    Maurizio Sarri anticipates early season 'problems' before Chelsea reach full potential

    Maurizio Sarri anticipates early season 'problems' before Chelsea reach full potential

    Alex Pritchard and Steven Mounie combined well at times in the first half, but produced few clear-cut chances. A clean sheet in the stopper's first game will have done his confidence the world of good.
    Stolen Alaska Airlines plane crashes after unauthorized takeoff from Seattle-Tacoma airport

    Stolen Alaska Airlines plane crashes after unauthorized takeoff from Seattle-Tacoma airport

    Alaska Airlines and Horizon Air officials said they were still working closely with authorities to investigate what happened. The man went through various background checks to get clearance to be in the secured area, according to authorities.