Arab Today, arab today wall street turns lower amid tapering fears protests in egypt
Last Updated : GMT 01:44:06
Arab Today, arab today
Arab Today, arab today

Wall Street turns lower amid tapering fears, protests in Egypt

Arab Today, arab today

Arab Today, arab today Wall Street turns lower amid tapering fears, protests in Egypt

New York - XINHUA

U.S. stocks gave up all earlier gains and closed in negative territory on Tuesday as fears over the Federal Reserve\'s possible tapering of its stimulus later this year and political turmoil in Egypt outweighed positive factory orders from the United States. The Dow Jones Industrial Average was down 42.55 points, or 0.28 percent, to 14,932.41 points. The S&P 500 inched down 0.88 points, or 0.05 percent, to 1,614.08 points. The Nasdaq Composite Index lost 1.09 points, or 0.03 percent, to 3,433.40 points. The market opened nearly flat Tuesday after ending higher Monday to start the third quarter of this year on a strong note, boosted by encouraging economic data from the United States and abroad. Wall Street then turned higher after the U.S. factory orders data beat market consensus by a penny. The factory orders in May rose 2.1 percent, according to the Commerce Department, slightly higher than analysts\' forecast of 2.0 percent. Factory orders in April rebounded 1 percent following a 4.7 percent decline in March. However, the market reversed earlier gains to trade in red territory in late afternoon trading session after reports that Egypt\'s military had drawn up plans to suspend the Middle Eastern nation\'s constitution. New York Fed President William Dudley offered no new ideas in a speech on Tuesday, saying that the Fed policy --including the pace of asset purchases -- depends on the outlook rather than the calendar. The CBOE Volatility Index, widely considered as a fear gauge of the market, added 0.43 percent to end at 16.44. In corporate news, Ford shares advanced 2.80 percent to 16.18 U. S. dollars after the auto maker posted a 13 percent jump from a year earlier in June sales thanks to its robust F-Series trucks sales. General Motors shares also added 0.29 percent to 34.10 dollars as the June sales of the carmaker giant moved up 6 percent. The U.S. stock market will close on July 4 for Independence Day and close early on Wednesday at 1:00 p.m. local time. Analysts expected the holiday-shortened week to see light trading volume, which may enhance volatility in the market. In other markets, oil prices rose Tuesday on growing concerns that the ongoing unrest in Egypt may impact oil supply. Light, sweet crude for August delivery gained 1.61 dollars, to settle at 99.6 dollars a barrel on the New York Mercantile Exchange. While Brent for August delivery went up 1 dollar, to close at 104 dollars a barrel. Gold future for August delivery on the COMEX division of the New York Mercantile Exchange dropped 12.3 dollars, or 0.98 percent, to settle at 1,243.4 dollars per ounce Tuesday. The U.S. dollar gained against major currencies Tuesday as encouraging economic data from the U.S. triggered speculations that the Fed may scale back the stimulus program later this year. In late New York trading, the euro dropped to 1.2977 dollars from 1.3059 dollars of the previous session and the dollar bought 100.59 Japanese yen, higher than 99.72 from the previous session.

arabstoday
arabstoday

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*

Arab Today, arab today wall street turns lower amid tapering fears protests in egypt Arab Today, arab today wall street turns lower amid tapering fears protests in egypt

 



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*

Arab Today, arab today wall street turns lower amid tapering fears protests in egypt Arab Today, arab today wall street turns lower amid tapering fears protests in egypt

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
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 Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
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