Dow down 200, emerging markets crashing on US-Turkey geopolitical concerns
- Author: Darren Santiago Aug 12, 2018,
Aug 12, 2018, 16:15
The Russell 2000 gained 13.43 points, or 0.8 percent.
At 12:41 p.m. ET, the Dow Jones Industrial Average was down 175.04 points, or 0.69 percent, at 25,334.19, the S&P 500 was down 14.98 points, or 0.52 percent, at 2,838.60 and the Nasdaq Composite was down 27.87 points, or 0.35 percent, at 7,863.91. The S&P 500 was down 4.12 points, or 0.14 percent, to 2,853.58.
The Toronto Stock Exchange's S&P/TSX fell 90.47 points, or 0.55 per cent, to 16,326.51, led lower by the health care, consumer staples and utilities sectors.
Shares of Apple (AAPL.O) rose 0.8 percent, while those of Amazon (AMZN.O) were up 0.6 percent and Microsoft (MSFT.O) 0.4 percent. Occidental Petroleum OXY.N fell 4.2 percent after it maintained a tepid production forecast for the year.
The Nasdaq is up 79.77 points, or 1 per cent.
Venezuela's Maduro target of drone 'attack,' but unharmed: government
Venezuela, a once-wealthy oil nation, is in the grips of a five-year crisis under President Maduro's socialist government. Mr Maduro was seen speaking at an outdoor military event when he and others suddenly looked upwards - startled.
Brent crude futures fell 8 cents to $72.20 a barrel and USA crude futures were down 2 cents at $66.92 a barrel.
The S&P 500 closed at 2,833.28 for a loss of -20.30 points or -0.71%. Tech stocks have been at the center of a sharp recovery in the S&P since a market rout in February, driving the index close to its record high.
The Dow is up 593.92 points, or 2.4 percent. Tech shares also fell as Facebook, Alphabet and Amazon all declined.
Declining issues outnumbered advancers for a 2.34-to-1 ratio on the NYSE.