investorschatroom.com

Sci-tech

TSX Slips As US-North Korea Tensions Flare

Share
E-mini NASDAQ-100 Index

The Dow is down 48.57 points or 0.2% at 22,036.77, the Nasdaq is down 20.93 points or 0.3% at 6,349.53 and the S&P 500 is down 3.18 points or 0.1% at 2,471.74.

Dow e-minis were down 35 points, or 0.16 percent, with 37,467 contracts changing hands at 8:40 a.m. ET (1240 GMT).

President Donald Trump said on Twitter that the United States' nuclear arsenal was now "more powerful than ever before" in a fresh warning to North Korea over its missile tests.

Pyongyang has made no secret of its plans to develop a nuclear-tipped missile able to strike the United States, which it says are a legitimate means of defence against perceived US hostility, including joint military drills with South Korea.

The weakness on Wall Street reflects geopolitical concerns amid a continued increase in tensions between the USA and North Korea.

The TSX Composite was down 39.02 points or 0.26 percent, to 15,217.33.

Vijender Singh v/s Zulipikaer Maimaitiali
He referred his next opponent and china's Zulpikar as Chinese product and quoted "Chinese products won't long last longer". I don't consider him as an experienced boxer, he is young, but he is a strong kid and we are ready for it.

New England Patriots LB Rob Ninkovich to announce retirement
The most emotional may have been when he looked right at Belichick and said, "Coach, I gave you everything I had". Ninkovich signed with the Patriots as a free agent in 2009 after playing with the Saints and Dolphins.

Liverpool back off from Keita deal
But as RB Leipzig continue in their stance not to sell their key player, Klopp has been forced to turn his attentions elsewhere . Jurgen Klopp has joked that Liverpool will lodge a bid for Naby Keita that would more than triple the current world-record fee.

North Korea seemed unfazed by the president's bluster, however, as state media carried a statement indicating the communist nation is "carefully examining" a plan to strike the US Pacific territory of Guam.

After a dip of as much as 0.52 percent earlier in the day, investors appeared to take some comfort in Tillerson's comments, said Richard Steinberg, managing director at HighTower Advisors in NY. Lockheed Martin, Raytheon, General Dynamics and Northrop Grumman were all up, with the Dow Jones U.S. defense index up 1.48 percent at 409.58.

Technology and consumer-focused companies helped lift US stocks higher Tuesday, steering the market indexes further into record territory.

USA 30-year bond yields slid to a six-week trough of 2.790 percent, compared with 2.867 percent late on Tuesday. Japan's Nikkei 225 Index tumbled by 1.3 percent, while Hong Kong's Hang Seng Index fell by 0.4 percent. It fell 19 cents, or 0.4 percent, to $49.39 per barrel Monday in NY.

The Fed is expected to announce next month the start of the reduction of its balance sheet, which ballooned with the extended quantitative easing program undertaken to stimulate the US economy after the financial crisis. Yields fall when prices rise. The euro fell to $1.1760 from $1.1793. Brent crude, used to price worldwide oils, gave up 29 cents to $51.85 in London. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 5.5 basis points at 2.228%. The Standard & Poor's 500 index fell 0.2 percent, to 2,474.92.

European equity markets also opened sharply lower and measures of volatility spiked.

Share