• Home
  • Contactez nous

  • Financer
  • Divertissement
  • Science
  • Sport
  • Monde
  • Médecine
  • France
  • Local

Wall Street drops on China concerns, oil slide

  • by Xavier Trudeau
  • in Financer
  • — Nov 12, 2018
Share:

Prices paid by producers rose 0.6 percent in October - their fastest pace in six years and more than the expected 0.2 percent rise - fuelled by a jump in costs for energy and trade services.

That atmosphere has lent itself to a downdraft in stocks, with the Dow Jones Industrial Average DJIA, -0.89% the S&P 500 index SPX, -1.12% and the Nasdaq Composite Index COMP, -1.92% all trading lower Friday, and indexes in Europe, like the pan-European Stoxx Europe 600 Index SXXP, -0.37% and China's Shanghai Composite Index SHCOMP, -1.39% also in the red. General Electric fell 4.8 per cent after J.P. Morgan cut price target on the stock to US$6 from US$10.

The dollar index .DXY rose 0.19 percent, with the euro EUR= down 0.26 percent to $1.1332.

The S&P index recorded 27 new 52-week highs and six new lows, while the Nasdaq recorded 37 new highs and 82 new lows.

Stocks are falling on Wall Street led by drops in technology and internet companies.

Video game maker Activision Blizzard plunged 10 percent Friday after forecasting weak holiday sales.

"When you look overseas, there's not just concerns about a global slowdown, but a global recession that might be brewing", said Jerry Braakman, chief investment officer of Santa Ana, California-based First American Trust. Brent oil was down more than 19% from its recent October peak.

Online reviews company Yelp plummeted 28 percent after reporting disappointing revenue.

  • Formule 1 : sévère altercation entre Ocon et Verstappen

The S&P 500 index fell 30 points, or 1.1 percent to 2,776.

The Dow Jones Industrial Average fell 229 points, or 0.9 percent, to 25,964.

The S&P energy index dropped 0.6 percent after falling 2.2 percent in the previous day's session when USA crude prices confirmed a bear market by falling 20 percent from their most recent high.

Oil prices fell almost 1.0 per cent on Friday, and have now seen the longest stretch of daily declines since 1984, on rising global supply and evidence of a slowing world economy.

The Federal Reserve decision disappointed some investors who had hoped that the sharp share price falls during what has been called "Red October" might have encouraged the USA central bank to take a more dovish approach toward monetary policy.

Declining issues outnumbered advancers for a 2.51-to-1 ratio on the NYSE and for a 2.50-to-1 ratio on the Nasdaq.

Investors appeared unwilling to take on risk, sending the S&P technology index down 2.2 percent as Apple Inc dropped 2.9 percent and semiconductor stocks tumbled 2.7 percent.

Walt Disney rose 3 percent after its profit surpassed analyst estimates thanks to strong studio entertainment revenue.

Share:

IN CASE YOU MISSED IT

  • La République tchèque sacrée une 11e fois — Fed Cup
  • Air India director ops fails pre-flight alcohol test, grounded
  • All Blacks v England: Sonny Bill Williams' horror run of injuries continues
  • YOU MAY ALSO LIKE...

    • MP says United We Roll Convoy made its message loud and clear 2/22/2019
    • Tesla Model 3 stripped of Consumer Reports recommendations 2/22/2019
    • Payless Shoesource stores closing up shop 2/22/2019
    • China customs testing coal imports for environmental reasons: foreign ministry 2/22/2019
    • Alberta will begin moving oil by rail following $3.7B investment 2/22/2019
    • YouTube Is Scrambling, Again, to Fix Its Child Predation Problem 2/21/2019
    • Bumper taxes give chancellor a timely boost 2/21/2019
    • US, China reportedly drafting outline of trade deal 2/21/2019
    • Apple credit card could be next services conquest 2/21/2019
    • La principale usine de Nutella à l'arrêt — Normandie 2/21/2019

RELATED NEWS

More UK ministers on verge of quitting as PM faces Brexit rebellion
A government minister has quit with a stark warning over the impact on Kent of a no deal Brexit. We speak to former attorney general Dominic Grieve.
11/12/2018

White House says Trump motorcade to WWI cemetery would have disrupted traffic
Yet, he doesn't always seem to mind a little rain, as long as it's something he wants to do. During that time he sent a tweet wishing a "Happy 243rd Birthday" to the U.S.
11/12/2018

Daniel Andrews pays tribute to Sisto Malaspina
Police continued their investigation into the horror that shook Victoria on Friday. Sisto Malaspina was killed in the horrific incident.
11/12/2018

Facebook ends forced arbitration of sexual misconduct claims
Facebook's decision follows that of Google, which announced on Thursday that it would revise its sexual harassment policies . Other tech companies, including Uber and Microsoft , have also dropped forced arbitration.
11/12/2018

Hamas Commanders, 6 civilians killed by Israeli forces in Khan Yunis
A spokesman for Hamas, the militant Islamist group which dominates Gaza, described the incident as a "cowardly Israeli attack". Hamas's armed wing alleged in a statement that an Israeli special forces team infiltrated near Khan Yunis in a civilian auto .
11/12/2018

Douze ans de prison pour Taoufik Bouchrine — Maroc
Selon la défense, cependant, les images ne permettent pas d'identifier formellement Taoufik Bouachrine. Inscrivez-vous à notre newsletter gratuite et recevez nos meilleurs articles dans votre boîte mail.
11/12/2018

US Federal Reserve Keeps Interest Rates Unchanged
Traders in the fed funds futures market are implying about a 93 percent probability for a hike at the year's final meeting. Fed officials have stressed that their monetary policy decisions will be made without any consideration of politics.
11/12/2018

Royal Family commemorates First World War armistice anniversary
Instead of laying a wreath in person, Prince Charles laid a wreath on behalf of his mother and the Equerry on behalf of the Duke. A wreath also was placed on behalf of the queen's 97-year-old husband Prince Philip, who did not attend.
11/12/2018

Palestinian killed by Israeli fire in border clashes: Gaza ministry
At least 220 Palestinians have been killed by Israeli fire since major protests backed by Hamas began in March. One Israeli soldier was killed by a Palestinian sniper.
11/12/2018

Google veut un thème sombre pour toutes les applications Android
Il permet d'augmenter l'autonomie de son smartphone Android , mais n'est pas proposé dans toutes les applications. Lenquête confirme dabord que le niveau de la luminosité de l'écran impacte directement lautonomie de la batterie.
11/12/2018

En toute discretion, Benoît Magimel s'est marié
Si Benoît Magimel n'est pas nordiste, le Nord lui a pourtant porté chance plus d'une fois. Après deux ans d'amour, il a épousé sa compagne Margot ce samedi 10 novembre .
11/12/2018

Aerosmith's Perry hospitalized after jamming with Billy Joel
TMZ reports that Joel finished out the remainder of the concert after Perry left the stage, unaware of what was going on backstage.
11/12/2018

Edmonton Oilers fall in Florida for 3rd straight loss
Hoffman extended his point streak to 10 games, the longest active streak in the National Hockey League . Evgenii Dadonov, Nick Bjugstad, Jonathan Huberdeau and Colton Sceviour scored for the Panthers .
11/12/2018

Carmelo Anthony's future with Rockets seems to be in question
Anthony is coming off a game on Thursday in which he shot 1/11 and missed all six of his threes against Oklahoma City. Houston is searching for answers during what has been a sluggish start to the season on offense and defense.
11/12/2018

Lotto Max to increase jackpot cap to $70 million in 2019
One lucky Bay of Plenty Lotto player will be $500,000 richer after winning Lotto's First Division in Saturday's live draw. Canadians will soon have a chance to win a bigger lottery jackpot - and twice as often.
11/12/2018

    • Top picks

      • MP says United We Roll Convoy made its message loud and clear2/22/2019
      • Tesla Model 3 stripped of Consumer Reports recommendations2/22/2019
      • Payless Shoesource stores closing up shop2/22/2019
      • China customs testing coal imports for environmental reasons: foreign ministry2/22/2019
    • Weekly News

      • Alberta will begin moving oil by rail following $3.7B investment2/22/2019
      • YouTube Is Scrambling, Again, to Fix Its Child Predation Problem2/21/2019
      • Bumper taxes give chancellor a timely boost2/21/2019
      • US, China reportedly drafting outline of trade deal2/21/2019
    • Latest News

      • Walmart's "Baby Savings Day" to take over GA, SC stores this weekend2/21/2019
      • Young Blood Unproven as Anti-Aging Treatment: US FDA2/21/2019
      • Dublin Airport suspends flights after drone sighting2/21/2019
      • Oil Rises on Market Rebalance, Trade Deal Hopes2/21/2019
    • Home
    • Contactez nous

    Vendredi 22 Février 2019

    © 2019 . ALL RIGHTS RESERVED.