us stocks mixed as nasdaq drops more than 1
Last Updated : GMT 09:13:34
Arab Today, arab today
Arab Today, arab today

US stocks mixed as Nasdaq drops more than 1%

Arab Today, arab today

Arab Today, arab today US stocks mixed as Nasdaq drops more than 1%

New York Stock Exchange
New York - AFP

US stocks finished mixed Monday as the tech-rich Nasdaq dropped more than one percent following a cautious report on Tesla Motors.
The Nasdaq Composite Index tumbled 48.70 points (1.07 percent) to 4,518.90.
The Dow Jones Industrial Average rose 43.63 (0.26 percent) to 17,031.14, while the broad-based S&P 500 dipped 1.41 (0.07 percent) to 1,984.13.
Morgan Stanley said it remained bullish long-term on Tesla, but that the stock's upward trajectory would be slower and bumpier than the market expects, in part because the progress of electric cars has been slow. Tesla tumbled 9.1 percent.
Other prominent tech stocks, including Amazon (-2.2 percent), Facebook (-3.7 percent) and Netflix (-4.0 percent) also fell. Analysts said some investors were selling off tech shares to raise cash to buy shares in Chinese online giant Alibaba, which is expected to go public on the New York Stock Exchange this week.
The mixed trade followed disappointing Chinese and US industrial production data and came ahead of Wednesday's Federal Reserve monetary policy decision and Scotland's vote Thursday on independence from Britain.
"People are just worried about what's going to be happening this week," said Sam Stovall, chief investment strategist at S&P Capital IQ.
Dow member Microsoft lost 1.0 percent as it announced it would buy Mojang, the Swedish company that created the popular video game Minecraft, for $2.5 billion. Microsoft said it plans to build the Minecraft franchise across different media platforms.
US-traded shares of Belgium's Anheuser-Busch InBev rose 3.2 percent on a report in The Wall Street Journal that it has sought financing to launch a takeover campaign aimed at British beer giant SABMiller. Another big beer company, Molson Coors Brewing, rose 5.9 percent.
Biotechnology company Gilead Sciences dropped 2.6 percent as it announced licensing deals with seven Indian drug firms to produce cheaper versions of a $1,000-a-pill treatment for hepatitis C in over 90 developing countries. Gilead had come under fire from patient rights' groups over the hefty price tag for the Sovaldi treatment.
Avanir Pharma shot up 85.3 percent after it announced that a clinical trial showed its treatment for Alzheimer's disease showed reduced incidence of agitation and aggression in patients.
Bond prices rose. The yield on the 10-year US Treasury declined to 2.59 percent from 2.61 percent Friday, while the 30-year slipped to 3.34 percent from 3.35 percent. Bond prices and yields move inversely.

 

arabstoday
arabstoday

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us stocks mixed as nasdaq drops more than 1 us stocks mixed as nasdaq drops more than 1

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us stocks mixed as nasdaq drops more than 1 us stocks mixed as nasdaq drops more than 1

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday