Markets Right Now: Tech, internet stocks lead early declines
15 November, 2018, 01:20 | Author: Regina Silva
A steep drop in technology companies sent US stocks sharply lower Monday, knocking off more than 500 points from the Dow Jones Industrial Average.
TECH TUMBLE: Apple tumbled 4.2 percent to $195.97 after Wells Fargo analysts said the iPhone maker is the unnamed customer that optical communications company Lumentum Holdings said was significantly reducing orders. The S&P 500 technology sector index fell 3.5 percent, and the financial sector index fell 2.0 percent. Apple's decline impeded the tech-heavy Nasdaq, which fell more than 2 percent.
In Canada, meanwhile, Toronto's TSX was also still rushing upwards to rise by almost 55 points and hit 15,211 while the Russell 2000 index of small-cap stocks jumped by 8 points to reach 1,526. The Standard & Poor's 500 technology sector, a major driver of the long bull run in stocks, fell 3 percent.
Goldman Sachs stock fell more than 7 percent amid reports Malaysia would seek to have the investment firm pay a multimillion-dollar refund for its role in the 1Malaysia Development Berhad money-laundering scandal.
The Nasdaq composite lost 190 points, or 2.6 percent, to 7,214.
Israeli leader says Hamas begged for cease-fire
Iron Dome missiles intercept rockets from Gaza seen in the sky in Southern Israel, on November 12, 2018. The deal marks an end to the heaviest round of fighting between Israel and Hamas since a 2014 war.
LIFELINE EXTENDED: Athenahealth jumped 9.6 percent to $131.96 after the struggling medical billing software maker received a $5.7 billion cash buyout offer. US crude rose 60 cents to $60.79 a barrel, the first increase after the longest stretch of daily declines since 1984. Apple slumped 5 percent. Both West Texas Intermediate and Brent Crude oil rallied sharply before a tweet from President Donald Trump sent prices lower by more than 1%.
After a weekend meeting, the oil cartel announced that Saudi Arabia plans to reduce exports by around 500,000 barrels a day from November to December. Seoul's Kospi gave up 0.4 percent to 2,071.23 and India's Sensex added 0.4 percent to 34,953.81.
The unease in the market also resulted in a drop in USA crude oil and an increase in the dollar.
OPEC: The price of oil was down after Trump tweeted that he hoped Saudi Arabia and OPEC would not cut production. Banks were the hardest hit and the Austraian dollar also took a hammering as the greenback climbed to its highest level against a basket of currencies since June 2017. Silver lost 0.9 percent to $14.01 an ounce.
Hong Kong's Hang Seng closed the day up 0.1 percent. Germany's DAX lost 1.8 percent and France's CAC 40 fell 0.9 percent.
The tech-laden Nasdaq gained 0.21% to end at 7,216.
Citing the prospectus, Bloomberg said the company will offer 1.6 billion shares at 1,500 yen a piece, or roughly $13. Investors have grown nervous about the lack of clarity in some of the investments by the $90bn Vision Fund .
By contrast, he commonly attacks CNN as " fake news " and has had a particularly adversarial relationship with Acosta. Trump is "very pro-press", and she really doesn't think the First Amendment is "imperiled at the Trump White House".
Pelosi said it was clearly still needed to educate the public about the impact of more frequent extreme weather events. Ocasio-Cortez, the self-described democratic socialist who ousted veteran Democratic Rep.
The company fueled excitement about its plans by inviting cities to pitch themselves as sites for the development. The company will invest $5 billion across the two campuses that will each accommodate more than 25,000 employees.
Full information about evacuations and road closures is listed on the Cal Fire pages for the Camp fire and the Woolsey fire . California Highway Patrol Chief Brent Newman asked for the public's patience as teams clear affected areas.
The Bengals fired defensive coordinator Teryl Austin on Monday after a 51-14 blowout loss to the Saints. Jackson spent two-plus seasons with this team, and can basically read them Cleveland's entire playbook.
The device will feature three rear cameras, including a standard shooter, a wide-angle lens, and a telephoto camera. Samsung will launch its foldable smartphone in March 2019, according to a new report from South Korea .
And with 15 goals scored and only two conceded the 42-year-old Argentinian has established the best ever start for a Real manager.
Pedro Pascal Set to Star in The Mandalorian
There is now no timetable for either series' release, but Disney+ is expected to launch sometime in 2019. Now, insiders tell Variety that he has been offered the role and negotiations are underway.
Woman beat McDonald's manager over ketchup
Police in Santa Ana, California , are trying to identify a suspect who reportedly assaulted the manager of a McDonald's. Another employee attempted to intervene, and eventually called other over workers to help, the footage showed.
Watch the 12.9-inch iPad Pro teardown reveal Apple’s secrets
Thanks to two Indian Apple resellers, the pricing and the launch dates of these two iPad Pro models have been publicly released. Whether you picked up the 11-inch or the 12.9-inch version, you may find yourself in need of some USB-C adapters and cables.
Night Sight Launched Officially for All Pixel Phones
All of this happens natively on the device and uses Pixel Visual Core to complete capturing multiple frames within split seconds. The feature is now being rolled out through the Camera app update on the Play Store for the Pixel 3 and the Pixel 3 XL .
Marine combat veteran kills 12 in crowded California bar
The gunman in the shooting at the Tree of Life Synagogue in October used an AR-15 was armed with an AR-15 and handguns. Dean said the slain deputy was on the phone with his wife before telling her he had to go respond to a scene.
Oil Crashes After Trump Says Prices Should Be 'Much Lower'
Futures in NY held losses after plunging 7.1 percent in the previous session in the biggest one-day drop in more than three years. It said that it expected "subdued global economic growth" to drive demand even lower than Opec was now forecasting.