1st LD Writethru: US stocks close sharply lower as retail, tech lag

Dow falls nearly 500 points, dragged down by Target and tech shares

Stocks Crushed: Dow Falls 550 Points, Retail and Tech Wrecked

It was down as much as 512 earlier.

The tech-heavy Nasdaq composite lost 147 points, or 2.1 percent, to 6,881. The technology-heavy index is on track for its worst loss in nearly a month.

Stocks in the US are higher Wednesday morning after two days of steep losses, and major European indexes are also recovering. Those hopes faded after the two countries clashed at a Pacific Rim summit over the weekend. Apple shares fell by almost 4 percent. Nokia and Ericsson, two top suppliers of telecom networks, each fell about 3 percent. He will continue to remain chairman of French carmaker Renault, whose shares plunged after Ghosn's arrest and have yet to fully recover.

ECONOMIC CONCERN: A global economic adviser cut its forecast for economic growth in 2019 and said the world economy faces growing risks, including from trade disputes and higher interest rates.

Consumer discretionary and technology lead gains in early trade.

"The sell-off is a continuation of the rotation away from high-flying tech names and ongoing worries about the U.S".

Meghan Markle & Kate Middleton Wore Matching Burgundy Outfits For Separate Royal Outings
Meanwhile, in an apparently incredible coincidence, the Duchess of Cambridge also flew solo on her own royal engagement and chose a strikingly similar outfit to her sister-in-law.

The Nasdaq is up 5.43 points, or 0.1 percent. Nvidia said last week that it had a large number of unsold chips because of a big drop in mining of cryptocurrencies. Nissan said Ghosn and another senior executive, Greg Kelly, were accused of offenses involving millions of dollars that were discovered during an investigation set off by a whistleblower.

USA stocks traded higher on Wednesday as tech shares rebounded from an extensive sell-off in the previous sessions. Software maker Autodesk climbed 8.7 percent.

The Dow is down 254.53 points, or 1 percent. Devon Energy lost 7.4 percent. Brent crude, the worldwide standard traded in London, advanced 2.6 percent to $64.13 a barrel.

Advancing issues outnumbered declining ones on the NYSE by a 3.34-to-1 ratio; on Nasdaq, a 3.17-to-1 ratio favored advancers.

Benchmark U.S. crude reversed an early loss and rose 0.5 percent to $56.76 a barrel in NY.

Energy companies are also slumping Tuesday because of a 5 percent drop in the price of oil. Brent crude, the global standard, lost 2 cents to $62.58.

Embrace the future with phenomenal Black Friday deals on Google Assistant gadgets
As such, you are not confined to using the traditional "OK Google" or "Hey Google" commands - you can make it anything you like. But when it comes to a personal assistant, Google has a better reputation in many aspects for its different features.

The S&P 500 is down 23.68 points, or 0.9 percent.

Agricultural equipment manufacturer Deere & Co rose 2.4 per cent after reporting fourth-quarter earnings of US$2.42 per share, a bit below analyst expectations.

The Russell 2000 is down 39.25 points, or 2.6 percent. All 30 Dow companies closed down. The Mercury News of San Jose reported Saturday that the company said in a filing that it had an outage at 6:45 a.m. on November 8 in Concow. The Camp Fire has killed at least 77 people and destroyed more than 10,500 homes.

Utilities and other high-dividend stocks also declined.

Boeing gave up 1 percent. Silver inched up 0.1% to $14.40 an ounce. Copper held steady at $2.80 a pound.

Wizards open to Wall trade after verbal attack on coach
The lightning-quick point guard's contract extension, agreed to past year , has not even begun kicking in yet. He is averaging 20.9 points, 3.3 rebounds, 7.9 assists, 2.0 steals, and 1.1 blocks per game in 34.8 minutes.

Latest News