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etvfutures.com October 18, 2017


Markets Right Now: Stocks drop, led by technology companies

13 August 2017, 02:05 | Cesar Cruz

While you were sleeping: Dow plummets 205pts as Trump inflames Korea tension

Stocks open lower, slip from record highs as Wall Street awaits Disney earnings

Global markets have lost almost US$1 trillion since USA president Donald Trump said on Tuesday that North Korea "will be met with fire and fury like the world has never seen" and then dialed up his warning further on Thursday by saying he wasn't tough enough this week.

The Labor Department said its Consumer Price Index edged up 0.1 percent last month, which was below the 0.2 percent rise expected by economists polled by Reuters.

The Nasdaq Composite was up 34.61 points, or 0.56 percent, at 6,251.48.

European markets were also in the red following a negative session in Asia.

U.S. President Donald Trump told reporters at his golf club in Bedminster, New Jersey, on Thursday that he will respond forcefully to any North Korean attack on the U.S. or its allies.

At 10:57 a.m. ET (1457 GMT), the Dow Jones Industrial Average was up 54.38 points, or 0.25 percent, at 21,898.39, the S&P 500 was up 8.69 points, or 0.35 percent, at 2,446.90.

Market analysts expect that the pullback in stocks due to the increasingly aggressive tone in exchanges between Washington and Pyongyang will continue, although investors hope that the selling will not escalate to a correction - a decline of 10 percent or more.

The rhetoric, which began late Tuesday and continued into Friday, interrupted stocks' march higher and cracked the calm that has enveloped the market for months.

Many market participants have been calling for a significant decline on the S&P 500.

Simmering tensions between the USA and North Korea continued to rattle investors, driving the VIX, a measure of how much volatility investors expect, to its highest level since May.

DET 12, MIN 11: Twins Lose Crazy Game on Walk-Off HR
Detroit doesn't have the bullpen to back him up while Berrios has still shown his ability to shut down lineups in recent starts. Twins starter Kyle Gibson allowed three runs, five hits and two walks in 4⅔ innings.


The dollar index, which measures the U.S. currency against a basket of major peers, slipped 0.1 percent as U.S. Treasury yields fell.

Nvidia's quarterly revenue in its data center and automotive businesses missed estimates, dragging the chipmaker's shares down 5.43 percent.

Instead, investors turned to assets that tend to benefit in times of geopolitical and financial stress.

J.C. Penney slumped as much as 18.25 percent to a record low after the retailer reported a bigger-than-expected quarterly loss.

Overall it has been a strong stretch for corporate profits.

Germany's consumer price inflation accelerated to a three-month high in July, final data from Destatis showed Friday.

US government bonds strengthened Friday as soft inflation data led investors to further scale back expectations for interest-rate increases from the Federal Reserve. BHP Billiton declined 2.87 percent and Glencore finished lower by 2.85 percent. Yields on bonds move inversely to their price.

The Labor Department said its consumer price index inched up by 0.1% in July after coming in unchanged in June.

Federal funds futures suggested the chance of rate hike in December fell to 40 percent from 42 percent shortly before the release of the data.



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