• News
  • Sport

Wall St falls sharply on oil drop, global growth worries

Wall St falls sharply on oil drop, global growth worries

The other sectors were mostly higher a day after Federal Reserve Chair Janet Yellen expressed confidence in the health of the economy, but was vague on when the Fed would raise interest rates.

In Asia, share markets traded lower on Friday in morning session, after a decline in oil prices weighed on U.S. stocks, snapping Wall Street's three-day winning streak.

Futures markets suggested a 0.3% opening gain for the S&P 500, which closed within 1% of its record high on Monday as energy shares climbed. The index reached at its highest settlement since Nov 3.

Nasdaq Composite dropped 16.03 points, or 0.32 per cent, to 4,958.62.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower near 13.5.

Dow e-minis 1YMc1 were down 43 points, or 0.24 percent, with 17,334 contracts changing hands.

Advancing issues outnumbered decliners on the NYSE by 2,003 to 925.

Iraqi forces push deeper into Islamic State-held Fallujah
In a recent incident, they said, the terrorists shot dead an unknown number of civilians as they tried to flee Fallujah. Iraqi forces have already faced stiff resistance in the fight for Fallujah.

Rafael Nadal to miss Wimbledon because of wrist injury
After that the player will start an anti-inflammatory rehabilitation and physiotherapy-based treatment once the cast is removed'. He said then that he expected to be ready for Wimbledon .Nadal, victor of 14 Grand Slam titles, won Wimbledon in 2008 and 2010.

Ex-Stanford swimmer expected to leave jail 2 months early
There's also a petition on change.org to recall Judge Persky, as of Thursday morning it has almost 827,000 signatures. Ramey declined to comment beyond his statement or make Owens available for an interview. "I was not there that night.

Jeffrey Gundlach, chief executive of DoubleLine Capital, said Friday investors are dropping risky assets because of falling GDP expectations amid China's slowing growth and the intensifying US presidential race.

The NASDAQ 100 is trying to break out as well, but there is a significant amount of noise between here and the 4600 level, so it's not really until we break above there that we have the same situation that we see in the S&P 500 right now.

Yellen's more dovish comments were in contrast to those made on May 27 when she pointed out at strength in the labor market and optimism over rising inflation would make a rate hike appropriate in the coming months.

"Demand for oil seems to be stronger than we anticipated and the price continues to rise, that is something that is positive", said Kim Forrest, senior equity research analyst, Fort Pitt Capital Group in Pittsburgh. West Texas Intermediate crude also added 0.3% to $49.67 a barrel after closing at its highest price since July.

Separately, the Institute for Supply Management reported that ISM Services Index decreased from 55.7% in April to 52.9% in May, witnessing its biggest percentage fall since Feb 2014. Key energy stocks including, Transocean Ltd. (RIG), Chesapeake Energy Corporation (CHK), Halliburton Company (HAL ), Schlumberger Limited (SLB) and EOG Resources, Inc. On the Nasdaq, 1,138 issues rose and 1,094 fell.

The report said the preliminary reading on the consumer sentiment index for June edged down to 94.3 compared to the final May reading of 94.7.

Commodity-sensitive industrial and materials stocks benefited. The Philippine Stock Exchange Index rallied 1.5 percent. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 2.8 basis points at 1.651%.

Leave Your Comment

Leave Your Comment

Latest News

  • UW System operating budget includes segregated fee hike for students

    UW System operating budget includes segregated fee hike for students

    UW-Madison students will see a $203 increase for residence hall living, one of the steepest increases of all the System schools. The governor is considering providing more money for the system based on performance in the next state budget, Evenson said.

    Shots fired outside Dallas airport

    After the shooting, a big rock was still visible on the car's hood and at least two were on the ground on the car's left side. For that reason, everyone had to be sent outside security and cycled back through the airport's single security checkpoint.
    Explosion in private bus in Haryana; second such incident in two weeks

    Explosion in private bus in Haryana; second such incident in two weeks

    The blast in private bus near Bhuna on Tuesday was not an act of terrorists, said SP Fatehabad O P Narwal. Earlier, on 16 January, a bomb blast had taken place on a passenger train at Panipat railway station.
  • Gawker Media files for bankruptcy, to go up for sale

    The Wall Street Journal reported Friday that Gawker Media is declaring bankruptcy so it can continue to operate and pay its staff. It was revealed late last month that tech billionaire Peter Thiel has been helping out with Hogan's legal expenses.
    Amazon to invest $3B more in India

    Amazon to invest $3B more in India

    The company also expanded its delivery capabilities and developed new infrastructure for the cloud segment. Bezos said that Amazon performance is "surpassing even our most ambitious planned milestones" in India.

    Simon Cowell to 12-year-old: 'The next Taylor Swift'

    This humble 12 year old girl from NY says that many of her friends don't even know she sings! Check out her performance below. Joining the duo on the sofa was Simon's America's Got Talent colleague Heidi Klum , who looked charmed with the toddler.
  • Libyan forces make gains against ISIL in Sirte

    Apparently feeling this is close enough, the government has presented them as "fighting in Sirte" itself. Yesterday, a spokesman for the forces predicted Sirte could fall within days.

    Cam Newton is retiring his signature celebration - The Dab

    The NFL's Most Valuable Player is moving on from the touchdown celebration he performed last season that became popular across the country.

    Rising LPGA star Jutanugarn happy going into Championship

    With Woods's return date still unknown, there is speculation that we have seen the last of the greatest golfer of a generation. And especially with her being such a nice person, too. "She loves that thing more than anything else in the bag".
  • More Britons expect rate hike by BoE in next 12 months

    More Britons expect rate hike by BoE in next 12 months

    The Russian currency is up by around 25 percent since hitting a record low in January, thanks to a recovery in global oil prices. Before the Central Bank's decision on the key rate the dollar rose to 64.67 rubles, and the euro - to 73.03 rubles.

    Wozniacki wins Nottingham opener, 1st match in 10 weeks

    In the deciding set Kontaveit, ranked 97 in the world, surged into a 4-1 lead, which had put her on the home straight to victory. So I called my agent and said, "Can we find a charity that I can run for?' Once that was in the news, I couldn't back out".
    21 states suing Delaware over abandoned money orders

    21 states suing Delaware over abandoned money orders

    The ultimate dollar figure that DE owes Kentucky and other states may end up being much higher, Beshear said. WASHINGTON, June 9 Texas and 20 other states will file a lawsuit on Thursday in the U.S.
  • Betting odds have Penguins favoured to win Cup at home

    Betting odds have Penguins favoured to win Cup at home

    His book, TAKE YOUR EYE OFF THE PUCK , is available on Amazon and wherever books are sold. "Doesn't change the way you play". Scoring the first goal, which they haven't done against the Penguins, has been huge. "Everyone was writing us off", he said.
    John Kasich Signs Bill Legalizing Medical Marijuana in Ohio

    John Kasich Signs Bill Legalizing Medical Marijuana in Ohio

    In addition, the law also requires a commission that would act as an advisory panel for medical marijuana rules and policies. Courts have consistently upheld employers' right to fire employees for marijuana use, even when it didn't happen on the job.
    2 shot near Boston high school, 3 city schools on lockdown

    2 shot near Boston high school, 3 city schools on lockdown

    Police have not yet said if any of the shooting victims were students at the school. "Step forward. Chang says grief counselors have been brought in and his goal is to return to normalcy.
  • Obama administration approves 6 airlines for flights to Cuba

    Almost 160,000 US leisure travelers flew to Cuba a year ago , along with hundreds of thousands of Cuban-Americans visiting family. Zarir Erani, CEO of Sun Country, said the airline is evaluating its aircraft to determine when to begin flights.

    Major iTunes Overhaul Rumored For WWDC 2016

    Apple and Google will cut the commissions that developers pay to sell subscriptions to apps on iTunes and Google Play in half. The new and improved voice assistant will be accessible in the menu bar as well as a designated icon in the dock.

    Tesla Motors introduces two less costly Model S versions

    Originally, the 60 kwh version was a very small percentage of Tesla's sales of the vehicle. The all-wheel-drive 60D has a 218-mile range and hits 60 miles per hour in 5.2 seconds.

Breaking News


'Shield' actor gets 40 years to life in wife's killing

Bitterman also alleged that Jace had threatened to kill her, according to Mokayef. "All I meant to do was shoot her in the leg. Prosecutor Tannaz Mokayef told jurors during the trial that the altercation stemmed from April Jace wanting a divorce.

Hundreds Claim Donald Trump Doesn't Pay His Bills

Keep in mind, Trump has picked up voter support over the a year ago in part by touting his private-sector successes. Some just give up the fight, or settle for less; some have ended up in bankruptcy or out of business altogether.

Voters encouraged to cast ballot in today's Presidential Primary Election

Starting at 8 p.m., KPCC's airs its special election coverage hosted by Larry Mantle, Patt Morrison and Nick Roman on 89.3 FM. Those with none of the above can still vote by casting a provisional ballot or filing a "Polling Place Elector ID" form.

USA confirms 2 al-Shabab leaders killed in Somalia operations

What Halgan, and El Adde, and Janaale, and Lego have taught us is that the mission is not yet in a position to protect itself. In the past, casualty figures cited by al Shabaab have been much higher than official numbers.

Millions Of Twitter Passwords Leaked Online

Saved email addresses and passwords from various platforms, including Twitter , were sent to these hackers from these computers. A hacking group called OurMine accessed Zuckerberg's account this week, revealing that his password had been "dadada".

Facebook rolls out 360-degree photos

On desktops, users can drag around with their mouses to glimpse different perspectives - just as they would on a 360-degree video. Facebook over the next few days plans to roll out the ability for users to share their own.

Russian Defense Minister to Meet Syrian, Iranian Counterparts Thursday

The defense minister is set to hold trilateral talks with his counterparts from Syria and Iran during his visit to Tehran . Shoigu was also expected to hold separate bilateral meetings with Syrian General Fahd Jassem al-Freij and General Dehghan.

'Ladta Pahlaj: Amul's dig on 'Udta Punjab' row

Bhatt described the delay in providing an official communication as a pressure tactic by Nihalani to stall the release. They said , "If we get cuts, will you give us the certificate?' I said, 'Of course, yes".

Shaw Named Freshman All-American By Collegiate Baseball Newspaper

Starks joins former Lumberjack Erich Lehmann as the only other SFA player to be named a Louisville Slugger Freshman All-American. He led the Southland Conference with 59 runs scored and drove in another 26. 990 fielding percentage with five assists.

Justin Bieber involved in fist fight

The two shove each other before his unknown opponent throws the first punch to the pop star's head, spurring him to reciprocate. Fun fact: The "Watch Now!" annotation on the " Company " video is for Selena Gomez's new video, " Kill Em With Kindness ".