techkenyot.com
techkenyot.com December 13, 2017


Stocks slide on continued concern over tension between U.S. and North Korea

13 August 2017, 07:13 | Hattie Nash

However, three days of losses have pulled markets sharply lower for the week.

"European shares are trading once again lower. continuing their slide on the back of ever more increasing tensions between North Korea and the United States", added analyst Markus Huber at City of London Markets.

The negative headlines provided many investors with an opportunity to pocket some of their recent gains following a string of record highs fueled by strong corporate earnings. Pyongyang said it was examining plans for attacking Guam, a USA territory in the Pacific with a military base. "That did temporarily shake investors' complacency, but we think markets are ready to move higher in the back half of the year, and earnings and economic data are going to drive that".

All the 11 major S&P indexed were lower, with technology sector's 0.62% leading the decliners. The index had its biggest drop since mid-May a day earlier.

Brighton vs Man United Premier League Results 12 Aug 2017
Brighton boss Chris Hughton: "For 70 minutes I thought we were good, there's only one way we can play against a team like City. Craig Burley believes Manchester City's victory over Brighton is just the beginning for Pep Guardiola & Co.

At 12:43 p.m. ET (1643 GMT), the Dow Jones Industrial Average was up 49.69 points, or 0.23 percent, at 21,893.7 and the S&P 500 was up 6.84 points, or 0.28 percent, at 2,445.05.

The Nasdaq Composite .IXIC was up 34.61 points, or 0.56 percent, at 6,251.48. The stock fell $166 to $1,882.94.

The last time the S&P 500 fell over 1 percent was on May. 17.

There were fewer signs of anxiousness in the markets Friday. Shares of Manulife, which reported better-than-expected results, fell after the company played down talk of a John Hancock spin-off. It's still the highest it's been since May.

Mizuho Boosts Rating On Public Service Enterprise Group (PEG)
It has underperformed by 18.42% the S&P500. 161,190 were reported by Kcm Investment Advsr Ltd Com. (NYSE:PEG) on Thursday, June 1. The Chickasaw Capital Management Llc holds 12.22 million shares with $380.41 million value, up from 11.91 million last quarter.

The U.S. equity market is hovering near record levels and volume has been tepid following the onset of summer.

In other news, USA wholesale inflation dropped in July, the first contraction in almost a year and another data point that could weaken the case for the Federal Reserve to raise the benchmark interest rate again later this year.

THE QUOTE: "Inflation - or lack of -- has been an ongoing problem for the central bank and some policy makers have voiced concerns about this in recent months as they consider whether to raise interest rates again this year", said Craig Erlam, senior market analyst at OANDA.

"U.S. -North Korean military tensions continued to dominate sentiment, pushing U.S. bond yields down and increasing the price of gold", analysts at VTB Capital said in a note.

Taylor Morrison Home Corp (TMHC) Price Target Raised to $27.00
Want to see what other hedge funds are holding TMHC? Hexavest Inc., a Quebec - Canada-based fund reported 1.39 million shares. Victory Capital Management Inc. raised its position in shares of Taylor Morrison Home Corp by 17.6% in the second quarter.

OIL: Benchmark U.S. crude lost 24 cents to $48.37 per barrel on the on the New York Mercantile Exchange while Brent crude, used to price global oils, declined 20 cents to $51.70 per barrel in London.



Other News

Trending Now

Westlake Chemical Corporation (NYSE:WLK) Earning Somewhat Favorable Media Coverage, Report Finds
UBS Asset Management Americas Inc. raised its position in Westlake Chemical Corporation by 25.6% in the fourth quarter. Canada Pension Plan Investment Board reported 0.03% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC).

Freeport-McMoran, Inc. (FCX) Shares Sold by Reliance Trust Co. of Delaware
The firm owned 598,137 shares of the natural resource company's stock after buying an additional 4,280 shares during the period. Their average price target spell out an upbeat performance - a 2% and would give FCX a market capitalization of almost $21.4B.

Eclipse glasses becoming harder to find
A Kansas woman told station KWCH 12 she bought 500 solar eclipse glasses for kids at a local school - which turned out to be fake. Any filter less opaque than that may cause severe eye damage that would not become evident until hours later, Chou warned.

Trump makes false claims about USA nuclear arsenal
We all know that President Trump doesn't think very highly of most mainstream polls in America. "Alarming thing to lie about". Popular Video This young teenage singer was shocked when Keith Urban invited her on stage at his concert.

Global stocks shudder on Trump warnings to North Korea
Dillard's slumped 15.5 percent after the chain booked a loss for the second quarter as increased inventory led to big discounts. The CBOE Volatility Index, a barometer of expected near-term stock market volatility, closed at its highest since the election.

Russian stocks undermined by tensions between USA and N.Korea
Amid the hot rhetoric, USA stocks sold off sharply on Thursday, with the S&P 500 falling more than 1 percent. The 30-year bond last rose 28/32 in price to yield 2.7759 percent, from 2.818 percent late on Wednesday.

Redskins shelve Murphy, sign Staples for receiver help
Trent Murphy's 2017 season was set to start with a four-game suspension for violating the NFL's performance-enhancing drug policy. According to Adam Schefter, Murphy suffered a torn ACL and MCL which will require season-ending surgery.

KCG Holdings Inc. Invests $382000 in Vista Outdoor Inc. (VSTO)
State of Alaska Department of Revenue acquired a new stake in Vista Outdoor during the first quarter worth approximately $129,000. On March 28 Cowen & Company kept the company rating at "Market Perform" but moved up the price target to $56.00 from $50.00.

Automatic Data Processing Inc (NASDAQ:ADP) Institutional Investor Sentiment Is 0.87
Automatic Data has $115 highest and $76 lowest target. $95.45's average target is -19.96% below currents $119.25 stock price. Moloney Securities Asset Management increased its position in stocks of Automatic information Processing by 0.5% in the Q1.

Newspaper: China should stay neutral if N. Korea fires first on US
This scenario does not come as a surprise to the world community as both the countries have always been engaged in a war of words. But if North Korea escalates, the US must be prepared to escalate to massive disarming strikes, including use of nuclear weapons.