Published: Sun, August 13, 2017
Money | By Armando Alvarado

Wall St higher but on track for deep weekly losses

Wall St higher but on track for deep weekly losses

Data storage company Seagate Technology (STX) is posting a standout gain within the hardware sector, climbing by 2.1 percent.

Wall Street's widely followed measure of market anxiety, the CBOE Volatility index, was up 0.79 points at 16.77 on Friday, its highest since November.

Yen is safest. These are some of the strategies analysts are recommending as the escalating threats between usa and North Korea send investors fleeing. "And while risks remain elevated from a geopolitical perspective, valuations are not necessarily excessive, though full". They estimated it at 42 % before the publication of the figure for inflation.

Read:Few investors are excited about stocks.

The Swiss franc and the yen notched big gains against the dollar on Wednesday after U.S. President Donald Trump warned North Korea that it would face "fire and fury" if it threatened the United States.

Global markets tumbled Wednesday as the US and North Korea ratcheted up their confrontational rhetoric, with the nuclear-armed North rolling out a plan to launch missiles towards the US Pacific territory of Guam. The S&P shed 1.4%, its worst week since March, while the Nasdaq posted a weekly loss of 1.5%, its worst since June.

But despite the largest percentage drop in over a month on a global equities index, USA equities ended only slightly lower as healthy corporate earnings and a recent string of strong economic data enticed investors into beaten-down stocks.

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Solomon is a former contract teacher at Falkville High School accused of having sex with a 17-year-old Falkville High student. And if convicted, an offender would face up to 20 years in prison and be forced to become a registered sex offender.

Apart from geopolitical worries, some technical analysts like Tom McClellan, editor of the McClellan Market Report, blamed seasonality for this week's retreat given August's record as a weak month for stocks.

"There is a low probability that we will have a war with North Korea", he said, and a larger pullback in stocks is "a buyable drop". "You're less than 2 per cent off the high for the S&P heading into a weekend where uncertainty with North Korea still lingers".

Benchmark U.S. 10-year notes last rose 6/32 in price to yield 2.1905 percent, from 2.211 percent late on Thursday.

Federal-funds futures, used by investors to place bets on the Fed's rate-policy outlook, on Friday showed a roughly 36% chance of a rate increase by the end of the year, down from 47% Thursday and 54% a month ago, according to CME Group data.

Shiseido shares soared 13.77 percent to 4,420 yen after the makeup company upgraded its annual sales and profit forecasts, and announced robust earnings for the January-June period.

Investor focus now turns to Friday's US consumer price index data. Hong Kong's Hang Seng Index plunged by 2%, while South Korea's Kospi Index slumped by 1.7%.

An editorial in China's state-run Global Times (http://www.globaltimes.cn/content/1060791.shtml), published late Thursday local time, added to the pressure on Asian markets. Seagate shares rose 69 cents to $32.24. Shares of J.C. Penney dropped 78 cents, or 17%, to $3.93 Friday after the department store's second-quarter loss exceeded expectations. Global financial markets would also suffer a tremendous shock in the short term, with massive flight to safe haven assets such as gold, United States dollars and CHF.

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