United States stocks veer lower in afternoon trading; oil closes lower

U.S. Navy  Handout  Reuters

USA stocks ended higher on Friday, with the Dow Jones Industrial Average posting its ninth straight record close, as investors continued to cheer on better-than-expected employment data.

Shares of Alibaba soared 3.59 percent to close at 158.84 USA dollars a share on Monday, while Marriot stocks rose 1.10 percent to close at 106.17 US dollars a share.

With the Dow, S&P and Nasdaq all topping record highs over the summer and growing by over 10 percent, some market experts are concerned about an impending pullback.

The large-cap S&P 500 Index (NYSEARCA:SPY) rose 0.2% to close at 2,480.91. The stock fell 59 cents to $13.02. The stock was the biggest gainer in the S&P 500, adding $8.17 to $45.40. On the Nasdaq, 1,367 issues fell and 881 advanced. Brent crude, the worldwide standard, lost 5 cents, or 0.1 percent, to $52.37 a barrel in London.

Bond prices were little changed. Brent crude, the worldwide standard, lost 28 cents to $52.09 a barrel in London.

'The Four': Fox Announces New Singing Competition
The competition continues through the season finale, when the last four singers compete head-to-head to determine the victor . The victor will receive the services of the "industry experts" on the judges' panel in helping launch their music career.

In other energy futures trading, wholesale gasoline dipped 1 cent to $1.62 a gallon. Heating oil fell 1 cent to $1.63 a gallon.

Treasury prices ended modestly higher, leaving the benchmark 10-year yield down by a basis point at 2.26%.

NO ALARM: Envision Healthcare was up 4.5 percent after the ambulatory surgery center company said it will sell its medical transportation business to KKR. KLA-Tencor rose $3.18, or 3.6 percent, to $92.01.

"Despite precious few game changing economic policies from Trump thus far, the latest USA jobs data coupled with elevated business confidence numbers suggest firms remain bullish for the U.S. economy going forward", said Joshua Mahony, market analyst at IG.

The question now: Which of the price-weighted index's holdings will push the Dow Jones over the next hurdle? Japan's Nikkei 225 Index, Hong Kong's Hang Seng Index and China's Shanghai Composite Index all climbed by 0.5%.

Related News:



Most liked

Iran's president proposes same Cabinet for his second term
What also may trouble European nations is Rouhani's choice of Alireza Avaee as justice minister. After the election, Rouhani met with the Guard and acknowledged their role in Iran's defense.

Uber to Shutdown US Car Leasing Unit
The Journal , citing sources, said the company aims to close or sell most of the business by the end of the year. The plan comes after Uber executives were informed that losses were US$9,000 (RM38,569) per vehicle on average.

'Deviant' copter PC jailed for filming sex from sky
But his other victims were unaware they were being filmed and told the police they felt their privacy had been invaded. Pogmore admitted four counts of misconduct in a public office and has been sacked by South Yorkshire Police.

Millennial struggle - "Trump is not my president"
The survey also showed that only 43 percent of whites without a college degree - a key voting group for Trump - approve , compared to 50 percent who disapprove.

Ralph Lauren shares gain as first quarter earnings smash analysts' estimates
The last close places the company's stock about $37.95 off its 52 week high of $114 and $9.99 above the 52 week low of $66.06. On September 27 Macquarie left the company rating at "Outperform" but moved down the price target to $121.00 from $128.00.

Sen. Coons: Bipartisan Bill Would Keep President From Firing Mueller
During the Vietnam War, Blumenthal served in the Marine Corps Reserve units in Washington, DC, and CT but never saw active combat. In it, Pence also said his team will "focus all our efforts to advance the president's agenda and see him reelected in 2020".

British Model Freed After Being Kidnapped To Be Sold, Italian Police Say
Her agent, Carla Bellucci has expressed her confusion regarding the case and why Ms Ayling went on to do a topless photo shoot. She told presenters Eamonn Holmes and Ruth Langsford: "She's a handsome girl, she's lovely, she is just a little naive".

Bairstow out for 99 in Sth Africa 4th Test
"They have given me positive feedback", said Du Plessis following the 177-run defeat in the fourth Test on Monday. MOEEN ALI was hailed as "unbelievable" after stuffing South Africa - and emulating England legend Sir Ian Botham .

Marvin Lewis dealing with blood clot in ankle
It was announced on Tuesday that Cincinnati Bengals coach Marvin Lewis would be away from the team with a medical issue . Lewis will turn 59 years old in September and has accrued a 118-103-3 record in his previous 14 seasons with the Bengals.

Andy Samberg Drops Massive Baby News
During a 2015 interview with Larry King , Newsom, a 35-year-old renowned harpist, said that she and her comedian husband were discussing having children.

Rafa Benítez told to trim his Newcastle United squad
The Magpies are hoping that prices will drop as teams become more desperate to offload their players in the latter part of the window.

Here Are All New Summer Games Skins for Overwatch
Lucioball returns in its 3v3 format, but there will also be a new mode called Copa Lucioball that is a bit more competitive. We'll get the rest of the information on the Summer Games 2017 up for you in a jiffy.

Netflix buys publisher behind Kick-Ass, Kingsman
A former writer for both Marvel and DC comics , he produced work that also provided the basis for Logan and The Avengers . Netflix had net income of $187 million on $8.83 billion in revenue in 2016, according to its financial filing.

Tony Winning Broadway Legend Barbara Cook Has Passed Away
Another of her signature songs from her ingénue days was "Vanilla Ice Cream" from the musical " She Loves Me ". In 1975 she returned to the stage during a concert at Carnegie Hall where she was hailed for her performance.

Rory McIlroy licking his lips with PGA Championship forecast
Political correctness aside, I feel both lines are absolutely appropriate for this week's tournament, The PGA Championship . The Masters provides the most charm; the US Open provides the sternest challenge; the Open provides the deepest history.