Tech Firms Lead Afternoon Slide in US Stocks; Oil Rises.
'Technology companies led a steep slide in U.S. stocks Tuesday afternoon as investors weighed the escalating tensions in the Korean peninsula a day after North Korea conducted its most powerful nuclear test to date, triggering U.S. warnings of a "massive military response." Bank stocks were also down sharply. Energy companies bucked the broader slide as the price of crude oil headed higher.
KEEPING SCORE: The Standard & Poor's 500 index slid 27 points, or 1.1 percent, to 2,448 as of 1:19 p.m. Eastern time. The Dow Jones industrial average slumped 251 points, or 1.1 percent, to 21,735. The Nasdaq composite lost 93 points, or 1.5 percent, to 6,341. The Russell 2000 index of smaller-company stocks gave up 17 points, or 1.2 percent, to 1,396. Stocks were coming off back-to-back weekly gains. . .
ENERGIZED: Gains in crude prices helped lift shares in oil producers and other energy industry companies. Helmerich & Payne gained 82 cents, or 1.9 percent, to $43.84. Halliburton rose 73 cents, or 1.9 percent, to $39.63.
ENERGY: Benchmark U.S. crude gained $1.40, or 3 percent, to $48.69 a barrel on the New York Mercantile Exchange. Brent crude, used to price international oils, rose $1.01, or 1.9 percent, to $53.35 a barrel in London. . .
MARKETS OVERSEAS: In Europe, Germany's DAX was up 0.2 percent, while the CAC 40 in France was 0.3 percent lower. London's FTSE 100 was down 0.5 percent after a survey of business activity showed a slowdown. Earlier in Asia, Tokyo's Nikkei 225 fell 0.6 percent and Seoul's Kospi slid 0.1 percent. Hong Kong's Hang Seng added 1.1 percent.'
https://www.nytimes.com/aponline/2017/09/05/world/asia/ap-financial-markets.html?
= new reply since forum marked as read