U.S. Stocks Drop From 5-Month High; Bonds, Dollar Slump

The S&P 500 Index dropped from a five-month high as investors continue to weigh earnings against a backdrop of trade tensions. The dollar and Treasuries also declined.

The benchmark index fell below the key 2,800 level, as losses in energy offset gains in financials. Earnings were better-than-expected from the likes of Bank of America Corp. and BlackRock Inc., while there was an upbeat early releasefrom Deutsche Bank AG, but it did little to spur equities. Ten-year Treasury yields rose, while the greenback declined against most peers following strong upward revisions to U.S. retail sales.

The S&P 500 Index fell 0.2 percent as of 11:56 a.m. in New York. The Dow Jones Industrial Average slumped less than 0.1 percent. The Nasdaq Composite Index dropped 0.2 percent.

Source : Bloomberg

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Asian shares drop to nine-month low on mounting trade war fears

Asian stocks slumped to nine-month lows on Thursday as investors worried that the Trump administration’s approach to trade is harming global economic growth – even as the White House approach to Chinese investment in U.S. technology companies appeared to be softening.

European stock futures point to fall of 0.2-0.3 percent in major European stock indexes, such as Britain’s, France’s and Germany’s.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.59 percent to hit a fresh near nine-month low, while Japan’s Nikkei average ended flat after erasing earlier losses.

Source : Reuters

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Dow industrials set to take a breather after their 166-point drop

US stock futures showed little change early Thursday, suggesting the Dow may catch its breath after falling in 10 of the past 12 sessions as trade-related worries weighed.

Dow Jones Industrial Average futures rose by 8 points, or less than 0.1%, to 24,143, while S&P 500 futures added 1.60 points, or less than 0.1%, to 2,706.50. Nasdaq-100 futures tacked on 8 points, or 0.1%, to 7,006.25.

On Wednesday, the Dow, S&P 500 and Nasdaq Composite surrendered early gains to finish in the red and near their session lows, as well as at their lowest levels of June. The blue-chip gauge closed lower by 165.52 points, or 0.7%.

Source : Marketwatch

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