Josh White Sharecast | 21 Aug, 2017 22:21 - Updated: 22:20 | | |
Wall Street finished mixed amid light volumes on Monday, as investors kept their wallets closed as both international tensions and domestic political turbulence put a dampener on sentiment.
The Dow Jones Industrial Average was up 0.13% to 21,703.75 and the S&P 500 added 0.12% to 2,428.37, while the Nasdaq 100 was off 0.08% to 5,786.54.
On Friday, stocks got a brief boost from news that US President Trump had fired divisive chief strategist Steve Bannon, but the main indices ended in the red.
Spreadex analyst Connor Campbell said: "There are, at least, some macro-issues for the Dow et al. to focus on this Monday.
“Firstly there is the military exercises set to be performed by the US and South Korea, something that be only inflame the latter’s northern sibling.
"Then there’s America’s domestic chaos … the departure of Steve Bannon last Friday gave a slight lift to the markets; however, the constant turmoil of the Trump presidency, epitomised by its laughable turnover of key personal, seriously endangers the tax and infrastructure plans that had been such nectar to the markets earlier in the year.”
Investors put their concerns about North Korea to one side last week following events in Washington and terrorist attacks in Spain, but with US and South Korea holding military exercises this week, renewed jitters were expected to set in.
Investors were also wary ahead of the US Federal Reserve's annual symposium at Jackson Hole, which kicks off on Thursday.
In corporate news, Sempra Energy was in focus, rising 1.59% after agreeing to buy Energy Future, the indirect owner of 80% of Texas utility Oncor, beating off Warren Buffett's Berkshire Hathaway.
Elsewhere, US-listed shares in Fiat Chrysler were 6.92% higher following reports that China's Great Wall Motor Co is interested in buying the company.
Dow Jones - Risers
Home Depot Inc. (HD) $149.18 1.16%
Cisco Systems Inc. (CSCO) $30.68 1.02%
Verizon Communications Inc. (VZ) $48.14 0.94%
E.I. du Pont de Nemours and Co. (DD) $81.85 0.80%
Merck & Co. Inc. (MRK) $61.97 0.78%
Visa Inc. (V) $103.22 0.69%
Unitedhealth Group Inc. (UNH) $192.03 0.63%
Johnson & Johnson (JNJ) $133.48 0.62%
Wal-Mart Stores Inc. (WMT) $79.71 0.50%
3M Co. (MMM) $204.64 0.50%
Dow Jones - Fallers
Nike Inc. (NKE) $53.61 -2.44%
Chevron Corp. (CVX) $105.79 -0.66%
Goldman Sachs Group Inc. (GS) $220.77 -0.61%
Microsoft Corp. (MSFT) $72.15 -0.47%
Travelers Company Inc. (TRV) $127.45 -0.34%
Exxon Mobil Corp. (XOM) $76.38 -0.34%
Caterpillar Inc. (CAT) $113.60 -0.28%
Intel Corp. (INTC) $34.92 -0.26%
General Electric Co. (GE) $24.50 -0.24%
Apple Inc. (AAPL) $157.21 -0.18%
S&P 500 - Risers
Tenet Healthcare Corp. (THC) $16.56 14.60%
Freeport-McMoRan Inc (FCX) $14.72 4.10%
Johnson Controls International plc (JCI) $38.27 3.29%
Red Hat Inc. (RHT) $102.62 2.21%
Newmont Mining Corp. (NEM) $36.61 2.18%
Public Storage (PSA) $200.35 2.08%
Advance Auto Parts (AAP) $95.28 2.07%
Ventas Inc. (VTR) $67.45 2.01%
Kimco Realty Corp. (KIM) $19.71 1.91%
Welltower Inc (HCN) $71.98 1.88%
S&P 500 - Fallers
Frontier Communications Co. (FTR) $12.72 -6.19%
First Solar Inc. (FSLR) $45.96 -4.37%
Snap On Inc. (SNA) $141.70 -4.23%
Murphy Oil Corp. (MUR) $23.19 -3.58%
Chesapeake Energy Corp. (CHK) $3.82 -3.54%
Westrock Company (WRK) $54.36 -3.48%
Newfield Exploration Co (NFX) $24.51 -3.16%
Under Armour Inc. Class A (UAA) $16.59 -3.10%
United Rentals Inc. (URI) $108.40 -3.09%
Pioneer Natural Resources Co. (PXD) $127.94 -3.04%
Nasdaq 100 - Risers
Ctrip.Com International Ltd. Ads (CTRP) $52.18 3.45%
JD.com, Inc. (JD) $41.26 2.82%
Mercadolibre Inc. (MELI) $241.95 2.46%
NetEase Inc. Ads (NTES) $274.74 1.63%
Paychex Inc. (PAYX) $55.77 1.42%
Intuit Inc. (INTU) $135.91 1.34%
Autodesk Inc. (ADSK) $109.75 1.10%
Marriott International - Class A (MAR) $99.08 1.07%
Cerner Corp. (CERN) $64.93 1.06%
Cisco Systems Inc. (CSCO) $30.68 1.02%
Nasdaq 100 - Fallers
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $234.21 -4.09%
Shire Plc Ads (SHPG) $140.85 -3.23%
Tesla Inc (TSLA) $337.86 -2.76%
Micron Technology Inc. (MU) $29.56 -2.70%
Mattel Inc. (MAT) $16.42 -2.38%
Applied Materials Inc. (AMAT) $43.31 -2.23%
Fastenal Co. (FAST) $39.97 -1.75%
Viacom Inc. Class B (VIAB) $28.11 -1.68%
eBay Inc. (EBAY) $34.24 -1.55%
Automatic Data Processing Inc. (ADP) $102.89 -1.46%
Capita reported a mixed set of results for the first six months of the year but said underlying profits would "rise modestly" in the second half compared to the first, though some investors and analysts found the numbers rather disappointing and difficult to decode.
Alongside Capita's labyrinthine half-year results that left many investors cold and sent the shares down 11%, the company was also forced to prepare for industrial action after unions voted to strike.
Chevron blew a hole in Transocean's share price on Thursday after cancelling its contract for ultra-deep water drillship Discoverer Clear Leader one year ahead of its scheduled expiry, effective from the following November.
Ahead of the UK Prime Minister's major Brexit speech on Friday, chief European Union Brexit negotiator Michel Barnier has warned Theresa May against trying to have her cake and eat it and stressing that if a transition period is requested it will first require a withdrawal agreement.
Stocks are stuck in a bit of a rut as traders try to work out the implications of the US central bank's policy announcement the night before, despite a raft of better-than-expected readings on the economy.
Designer and manufacturer of celebration, gifting, stationery and creative play products IG Design Group announced on Thursday that it has signed a contract to acquire the trade and certain assets of Biscay Greetings, which it described as a “leading” greetings card and paper products business based in Australia.
Theresa May's Big Brexit Speech in Florence may dominate the narrative on Friday, though for traders and investors there's PMI surveys and one from the CBI, with results from Sage and Smiths Group.
Independent oil and gas company i3 Energy announced on Thursday that detailed engineering studies to enable its 100% owned-and-operated Liberator field, to be tied into the existing Blake field 'host' infrastructure and produced through the Bleo Holm floating production storage and offloading vessel (FPSO) had commenced.
London's FTSE 250 was down 0.6% to 19,422.90 in afternoon trade on Thursday.
Eurozone households are feeling more confident about the economic situation, according to a key European Commission survey released on Thursday afternoon.