How major United States stock indexes fared Thursday

Alicia Cross
August 12, 2018

Two other key United States indices, the S&P 500 and the Nasdaq, pulled back 0.7 percent.

With the second-quarter USA earnings season mostly over, investors are turning their attention from solid economic growth and corporate profits to other risks, said Michael Arone, chief investment strategist at State Street Global Advisors in Boston.

The Russell 2000 gained 13.43 points, or 0.8 percent.

At 9:50 a.m. EDT the Dow Jones Industrial Average was down 14.63 points, or 0.06 percent, at 25,569.12, the S&P 500 was unchanged at 2,857.70 and the Nasdaq Composite was up 11.39 points, or 0.14 percent, at 7,899.72. The pan-European FTSEurofirst 300 index of leading regional shares closed up 0.02 percent, as did the blue-chip EURO STOXX 50.

The Dow Jones Industrial Average was the only laggard among the three major indexes.

That was a drop of 0.7 percent from Thursday's close.

Lam Research, Micron, Applied Materials and ON Semiconductor fell between 1 percent and 4.7 percent. In corporate news, shares of Dropbox Inc. were lower after a second-quarter earnings report, which also included news that Chief Operating Officer Dennis Woodside was stepping down and a post-IPO lockup on shares would expire earlier than previously planned.

Manchester United wanted to pay £100m plus for Rafael Varane
Whatever the reason, the Frenchman took his chance to show that his best performances are not limited to Russian Federation . It is the eighth time Pogba has captained United since returning to the club from Juventus in a £89.3 million deal in 2016.

Tribune backs out of Sinclair merger
The Maryland-based company did not immediately respond early Thursday to a request for comment from The Associated Press. The owner of WGN-Ch.9 and dozens of other television stations, Tribune Media remains an acquisition target.

José Mourinho does not expect any Manchester United deadline-day signings
Mourinho's assessment that United were in for a "difficult season" if he did not get his way proffers an image of an unhappy club. I was told that during pre-season it looked like I was saying something absolutely out of order, something insane .

President Donald Trump doubled tariffs on aluminum and steel imports from Turkey, deepening the currency's losses and raising concerns that the crisis could weigh on other economies.

For the week, the Dow fell 0.6 per cent and the S&P 500 dipped 0.3 per cent.

"Problems in emerging markets are more important than ever because of the global growth engine that emerging markets have become", Peter Cecchini, chief market strategist at Cantor Fitzgerald in NY, wrote in a note.

Sinclair (SBGI.O) dropped 2.4 percent after Tribune Media (TRCO.N) ended its $3.9 billion deal to be acquired by Sinclair and filed suit. "You have banks losing because the 10-year U.S. Treasury (yield) came down".

Shares in trade-sensitive companies fell.

Advancing issues outnumbered decliners by a 1.68-to-1 ratio on the NYSE and by a 1.58-to-1 ratio on the Nasdaq.

Other reports by Free-Prsite

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