[ad_1]
Loading
"Because these companies have become so important, they are attracting the attention of regulators and lawmakers," said John Carey, managing director of Amundi Pioneer Asset Management in Boston. "They remain the market leaders, but there are potential risks."
The Dow Jones Industrial Average rose 22.51 points, or 0.09%, to 25,974.99, the S & P 500 lost 8.12 points, or 0.28%, to 2,888.6 and the Nasdaq Composite fell 96.07 points, or 1.19%, to 7,995.17.
Energy stocks added to the losses of the S & P 500.
Halliburton Co dropped nearly 6.0% after the oil services provider warned that the third quarter results could be affected by moderate activity in the Permian Basin and a slower-than-expected acceleration of the new contracts in the Middle East.
Rival Schlumberger NV was down 1.5% and Baker Hughes, the oil services division of General Electric, lost 2.2%.
Commerce statistics showed that the US trade deficit reached its highest level in five months in July, which could reinforce the White House's determination to adopt an "America First" business approach.
The data point to fears that an American proposal to impose duties of 200 billion US dollars ($ 280 billion) more in Chinese imports may come into effect soon after the end of the period public comments on Thursday. Continuous Free Trade Agreement.
China's JD.com Inc. fell 10.6 percent for the second day in a row, after police said retailer general manager Richard Liu was arrested in Minneapolis last week after a rape allegation. Liu denied any fault and was released Saturday.
Falling problems outnumbered the NYSE by a ratio of 1.30 to 1; on the Nasdaq, a ratio of 1.63 to 1 favored declines.
The S & P 500 recorded 45 new 52-week highs and nine new lows; The Nasdaq Composite recorded 97 new highs and 51 new lows.
The volume of trade in the United States amounted to 7.03 billion shares, against 6.15 billion during the last 20 trading days.
Reuters
Source link
