Tuesday, 29 August 2017

US STOCKS SNAPSHOT-Dow drops 100 pts on N.Korea missile test

U.S. stocks opened sharply lower on Tuesday, with the Dow losing more than 100 points, as North Korea’s missile test over Japan escalated tensions with the United States, and President Donald Trump warned that “all options are on the table”.
The Dow Jones Industrial Average fell 123.16 points, or 0.56 percent, to 21,685.24. The S&P 500 lost 15.85 points, or 0.648463 percent, to 2,428.39. 

The Dow e-minis were down 108 points, while the Nasdaq 100 e-minis were down 46 points.

The Nasdaq Composite dropped 53.68 points, or 0.85 percent, to 6,229.34.

Dow e-minis were down 108 points, or 0.5 percent, with 51,360 contracts changing hands.

S&P 500 e-minis were down 13.25 points, or 0.54 percent, with 363,037 contracts traded.

Nasdaq 100 e-minis were down 46 points, or 0.79 percent, on volume of 67,545 contracts.

U.S.-listed shares of gold miners including Kinross Gold and Harmony Gold were up about 5 percent in premarket trading. 

Dow component Nike fell 2.31 percent after Morgan Stanley cut its price target by $4 to $64. 

Finish Line plunged about 29 percent after the sporting goods retailer cut its full-year profit forecast and adopted a poison pill. 

Electronics retailer Best Buy were down about 1 percent despite raising its full-year revenue forecast.

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