Saturday 26 August 2017

STOCKS DO NOTHING: Here's what you need to know

Stocks did not move a lot of in trading on Thursday, although fears over the debt began to creep into the bond market and oil took it on the chin.

We've got all the headlines, but first, the scoreboard:
Dow: 21,783.54, -23.52, (-0.11%)
S&P 500: 2,438.96, -5.12, (-0.21%)
Nasdaq: 6,271.33, -7.08, (-0.11%)

Yields for Treasurys headed higher as fears a few debt grew.President Donald Trump tweeted that the debt negotiations area unit a "mess" on Thursday morning, sending yields for Treasury bills expiring when the second week of Oct to their highest level since they were issued in Oct 2016.

Oil sank of high inventory levels and despite a cyclone bearing down within the seacoast. usually once hurricanes like cyclone scientist head through the Gulf, U.S. costs rise on considerations that offer is also forced. This typical pattern was outweighed, however, by Wednesday's report that weekly US crude oil production  was at its highest since July 2015.

Sears sales plunge, says it'll shut 28 Kmart stores. a similar store sales were down by 11.5% from a similar quarter a year agone, that was truly higher than analysts' expectations. The stock finished down by a little more than 1% for the day.

Whole Foods can cut costs once the Amazon deal closes on Mon.Additionally, all of Whole Foods in-house product are on the market on Amazon and Amazon Prime members can get special discounts at Whole Foods stores. " to induce started, we're planning to lower costs starting Mon on a variety of popular grocery staples," a press release from Whole Foods aforementioned.

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