Josh White WebFG News | 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%
Stocks reversed early gains as investors opted to play it safe going into the weekend and the euro edged a tad higher on the back of the political gyrations on Capitol Hill.
Stocks have started the morning trading slightly higher, tracking overnight gains on Wall Street but analysts are worried about buying into Thursday's bounce.
London's top flight index slipped on Friday, but managed to finish well-off its lows of the session despite renewed Brexit angst as the pound gave back early gains.
DIY retailer Kingfisher has more "reasons to be cheerful" thanks to an improving French outlook, analysts at RBC Capital Markets said on Friday, while clothes seller Supergroup remains "compelling" but its shares have gained a lot in recent weeks.
Real estate investment group Alpha Real Trust saw its net asset value (NAV) rise in its first half of trading as it moved to make further investments in build-to-rent projects.
Industrial and logistics-focussed real estate investment trust Pacific Industrial & Logistics has completed the sale of an asset located at Hammond Road, Bedford, for a total consideration of £5.8m, it announced on Friday.
DP Poland, which holds the exclusive master franchise for the Domino’s Pizza brand in Poland, celebrated the opening of its 50th location in the country on Friday.
National investment group Mercia Technologies has made a new direct investment into Aston EyeTech - a spinout from Aston University, Birmingham - which has developed a range of proprietary hardware and software products in ocular care, it announced on Friday.
Modelling, simulation and training solutions provider SimiGon has now received final regulatory approval for a $2m purchase order received from the Israeli Air Force, initially announced on 20 June 2016, it confirmed on Friday.
Agricultural investment group Agriterra saw losses widen in the first half of its trading year as subdued demand for its maize flour products slashed revenues by more than a third.