Dow down 200, emerging markets crashing on US-Turkey geopolitical concerns

Dow down 200, emerging markets crashing on US-Turkey geopolitical concerns

Dow down 200, emerging markets crashing on US-Turkey geopolitical concerns

The biggest drag on the S&P 500 was Booking Holdings (BKNG.O), which fell 5 percent after it forecast third-quarter profit below expectations.

Mylan's 6.8 percent drop was the most on the benchmark S&P 500 after the drugmaker reported quarterly results and said it was actively evaluating a "wide range of alternatives".

The TSX's energy group rose 0.22 points, or 0.11 per cent, while the financials sector slipped 1.81 points, or 0.59 per cent.

The Dow is up 46.65 points, or 0.2 per cent.

The Russell 2000 index of smaller-company stocks fell 4.08 points, or 0.2 per cent, to 1,686.80.

Stocks traded little changed on Thursday as the S&P 500 was within striking distance of reaching an all-time high. In corporate news, shares of Dropbox Inc. were lower after a second-quarter earnings report, which also included news that Chief Operating Officer Dennis Woodside was stepping down and a post-IPO lockup on shares would expire earlier than previously planned.

The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that a strong economy was helping the labor market.


The Dow Jones Industrial Average fell 74.52 points, or 0.29 per cent, to 25,509.23, the S&P 500 lost 4.12 points, or 0.14 per cent, to 2,853.58 and the Nasdaq Composite added 3.46 points, or 0.04 per cent, to 7,891.78.

Eight of the 11 major S&P sectors were higher.

Futures implied the index would open up at 2,860.7, about 12 points away from the record. Tribune shares rose 2.9 percent.

Rite Aid fell 9.5 percent and was the most actively traded stock after the drug store chain and US grocer Albertsons Cos agreed to terminate their merger agreement.

Meanwhile, in the USA, the dollar strengthened, gaining 0.68%.

Chip stocks fell after Morgan Stanley downgraded the US semiconductor industry.

Declining issues outnumbered advancing ones on the NYSE by a 2.12-to-1 ratio; on Nasdaq, a 1.47-to-1 ratio favored decliners. Excluding the energy sector, the earnings growth estimate declines to 20.4 per cent.

Related news



[an error occurred while processing the directive]