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| Wall Street |
Cyber Daily News - Concerns about the US retail sales and a decline in oil prices sent
stocks on Wall Street on Wednesday (Thursday morning GMT) ended lower.
The third quarter report blighted by a chain of stores (department stores) Macy's, which cut its forecast for the end of the year, spread over a broader retail industry, AFP reported.
Another slump in oil prices, driven to a new report about a huge spike in US stockpiles, while it also sends the oil company's shares tumbling.
The Dow Jones Industrial Average finished down 55.99 points (0.32 percent) to 17702.22.Broad-based index of the S & P 500 slipped 6.72 points (0.32 percent) to close 2075.00, while the tech-heavy Nasdaq composite index lost 16.22 (0.32 percent) to 5067.02.
Trade lighter because of the Veterans Day holiday - which saw bond markets closed - and analysts said investors remained cautious after a rise of six consecutive weeks.
"Remind trick-or-treaters (someone usually a child, who went from door to door asking for candy Halloween costumes or other) are too eager on Halloween candy,equity market now seems to be digesting the party enjoyed the price recovery in October, "said Sam Stovall of C & P Capital IQ.
Macys quarterly report looks taking over sentiment. Its shares tumbled 14 percent after reporting quarterly earnings fell 5.2 percent and cut its full-year profit forecast by 10 percent. Macys said US and international buyers have cut back their spending.
Other retailers also took a hit after it, with a loss of 3.0 percent Target, Wal-Mart and Nordstrom slumped 1.9 percent decreased 3.7 percent.
Companies, oil fell as a three percent decline in oil prices, with ExxonMobil gave up 0.9 percent, Chevron down 1.1 percent and ConocoPhillips dropped 2.2 percent.
Confirmation that the long-awaited Anheuser-Busch InBev to take over rival SABMiller, at the price of 121 billion dollars, pushing shares up 2.8 percent AB InBev and SABMiller's, traded in London, rose 1.9 percent.
Meanwhile, Molson Coors Brewing, which will take full control of MillerCoors $ 12 billion as part of a bigger deal, jumped 4.4 percent.
The annual online sales extravaganza "Singles Day" China broke a new record, but it does not give the results to the shareholders of the two giant online retailer importantly involved: Alibaba fell 1.9 percent and 1.1 percent JD.com loss.
The third quarter report blighted by a chain of stores (department stores) Macy's, which cut its forecast for the end of the year, spread over a broader retail industry, AFP reported.
Another slump in oil prices, driven to a new report about a huge spike in US stockpiles, while it also sends the oil company's shares tumbling.
The Dow Jones Industrial Average finished down 55.99 points (0.32 percent) to 17702.22.Broad-based index of the S & P 500 slipped 6.72 points (0.32 percent) to close 2075.00, while the tech-heavy Nasdaq composite index lost 16.22 (0.32 percent) to 5067.02.
Trade lighter because of the Veterans Day holiday - which saw bond markets closed - and analysts said investors remained cautious after a rise of six consecutive weeks.
"Remind trick-or-treaters (someone usually a child, who went from door to door asking for candy Halloween costumes or other) are too eager on Halloween candy,equity market now seems to be digesting the party enjoyed the price recovery in October, "said Sam Stovall of C & P Capital IQ.
Macys quarterly report looks taking over sentiment. Its shares tumbled 14 percent after reporting quarterly earnings fell 5.2 percent and cut its full-year profit forecast by 10 percent. Macys said US and international buyers have cut back their spending.
Other retailers also took a hit after it, with a loss of 3.0 percent Target, Wal-Mart and Nordstrom slumped 1.9 percent decreased 3.7 percent.
Companies, oil fell as a three percent decline in oil prices, with ExxonMobil gave up 0.9 percent, Chevron down 1.1 percent and ConocoPhillips dropped 2.2 percent.
Confirmation that the long-awaited Anheuser-Busch InBev to take over rival SABMiller, at the price of 121 billion dollars, pushing shares up 2.8 percent AB InBev and SABMiller's, traded in London, rose 1.9 percent.
Meanwhile, Molson Coors Brewing, which will take full control of MillerCoors $ 12 billion as part of a bigger deal, jumped 4.4 percent.
The annual online sales extravaganza "Singles Day" China broke a new record, but it does not give the results to the shareholders of the two giant online retailer importantly involved: Alibaba fell 1.9 percent and 1.1 percent JD.com loss.
