LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Business News » World News

Wall Street lower as North Korea tensions weigh

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
Updated: Tue, Sep 05, 2017
09:23 pm
Reuters
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

U.S. stocks were lower in late morning trading on Tuesday, with the Dow Jones Industrial Average shedding more than 150 points as tensions around North Korea continued to weigh.

North Korea on Sunday conducted its sixth nuclear test, which it said was of an advanced hydrogen bomb for a long-range missile, marking a dramatic escalation of the regime`s stand-off with the United States and its allies.

"It looks as though escalation has gone to the next level, but there are lot of things in the coming weeks that may be causing people to get a little bit more cautious," said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.

Wall Street may face a rough ride in September, typically the worst month for stocks, if there is a showdown in Washington over the U.S. budget and the federal debt ceiling.

At 10:43 a.m. ET (1443 GMT), the Dow Jones Industrial Average was down 167.01 points, or 0.76 percent, at 21,820.55 and the S&P 500 was down 11.95 points, or 0.48 percent, at 2,464.6.

The Nasdaq Composite was down 29.90 points, or 0.46 percent, at 6,405.43.

Nine of the 11 major S&P sectors were lower. Financial stocks were the worst hit, falling 1.46 percent, after an influential Federal Reserve policymaker struck a dovish tone on interest rates.

Fed Governor Lael Brainard said U.S. inflation is falling "well short" of target so the central bank should be cautious about raising interest rates any further until it is confident that prices are headed higher.

Goldman Sachs` fell 3.4 percent, dragging down the Dow; while the S&P was pulled lower by a more than 2 percent fall in shares of JPMorgan and Bank of America.

"As far as interest rates go, everyone`s on a holding pattern to see what happens. No one`s expecting a September rate hike anyway, but we`ve got a lot of data until December that could change the chances of a rate hike," Frederick said.

Minneapolis Fed President Neel Kashkari and his Dallas counterpart, Robert Kaplan, are also slated to speak at different events later in the day.

Data showed new orders for U.S.-made goods recorded their biggest drop in nearly three years, but orders for capital goods were stronger than previously reported, pointing to robust business spending at the start of the third quarter.

Shares of United Technologies were down 3.9 percent after the company struck a $30 billion deal to buy avionics and interiors maker Rockwell Collins. Rockwell shares were up 0.75 percent.

Insmed shares more than doubled after the company said its drug for the treatment of a rare and serious lung disorder met the main goal in a late-stage study.

Declining issues outnumbered advancers on the NYSE by 1,674 to 1,046. On the Nasdaq, 1,671 issues fell and 1,082 advanced.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

​Money fraud, cyber crime alert! Stay extra cautious on weekends - Mumbai Police writes to RBI, seeks this action

CBSE Class 10, Class 12 exam 2021: Date sheet, admit card and other updates students must know

Samsung Chief Jay Y Lee sentenced to 2.5 years in jail

IRFC IPO: CEO Amitabh Banerjee explains future expansion plans of the company

Budget 2021 Expectations LIVE: What India Inc. wants from Modi government, Nirmala Sitharaman?

PUBG Mobile India launch tomorrow? Check trailer and other reports and latest updates

Anil Singhvi’s Strategy January 18: 14,150-14,200 & 31,725-31,800 is most strong support levels for Nifty & Bank Nifty

In chat with Anil Singhvi, Sandeep Jain recommends Plastiblends India share | Money-making opportunity

We are working on Zomato IPO, Info Edge CFO and ED Chintan Thakkar said in chat with Anil Singhvi; wants boost for startups in Budget 2021

Piramal to takeover DHFL loans? Yes Bank, Canara Bank, Union Bank of India may benefit | Jefferies Highlights

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved