Page 25 - ARUBA TODAY

BUSINESS Wednesday 6 June 2018
A25

US stocks wobble; tech and retailers rise but banks fall

By MARLEY JAY 1.3 percent to $94.16.
NEW YORK (AP) — U.S. stocks BIOTECH BOOST: Mylan
are mixed Tuesday after climbed 5.2 percent to
posting solid gains over the $40.49 after federal regula-
last two days. Technology tors approved its version of
companies and consumer- Amgen's anti-infection drug
focused companies rose Neulasta. The Mylan drug,
further and the smallest Fulphila, is called a biosimi-
companies were also mak- lar, meaning it's the generic
ing gains. Banks slipped equivalent of a complex
as bond yields decreased biotech drug, and it's ap-
and health care compa- proved to reduce the risks
nies also fell. Twitter rose af- of infections during treat-
ter being added to the S&P ment for cancer. Amgen
500 index. lost 2.2 percent to $181.30.
KEEPING SCORE: The S&P CURRENCIES: The dollar
500 was unchanged at rose to 109.61 yen from
27,747 as of 2 p.m. East- 109.58 yen. The euro rose to
ern time. The Dow Jones $1.725 from $1.1719.
industrial average slipped METALS: Gold rose 0.4 per-
27 points, or 0.1 percent, to cent to $1,302.20 an ounce.
24,788. The Nasdaq com- Silver added 0.7 percent to
posite rose 20 points, or $16.54 an ounce. Copper
0.3 percent, to 7,627 and jumped 2 percent to $3.20
the Russell 2000 climbed a pound.
7 points, or 0.4 percent, to In this April 24, 2018, file photo, an American flag flies outside the New York Stock Exchange in OVERSEAS: Germany's DAX
1,660. New York. rose 0.1 percent and the
The Nasdaq, which in- Associated Press French CAC 40 dipped 0.2
cludes a heavy weighting percent. Britain's FTSE 100
of technology companies, also rose. Amazon was on over $72 a barrel on May Lower yields force interest dropped 0.7 percent.
and the Russell, an index track for another record 21. rates down on mortgages Japan's benchmark Nikkei
comprised of smaller and high as it rose 1.6 percent FAV and RT: S&P Dow Jones and other kinds of loans, 225 index rose 0.3 percent
more U.S.-focused compa- to $1,691.76 while Target Indices said late Monday which means lower profits and South Korea's Kospi
nies, both finished at record gained 2.6 percent to that Twitter will be added for banks. Morgan Stanley gained 0.3 percent. In
highs Monday. The S&P 500 $78.35 and Macy's jumped to the benchmark S&P 500 lost 0.9 percent to $51.11 Hong Kong the Hang Seng
is still 4.4 percent off the re- 8.2 percent to $40.13. index as of Thursday after and Capital One gave up rose 0.3 percent.q
cord it set on Jan. 26, and TECH LEADERS: Chipmaker Monsanto officially be-
the Dow is 6.8 percent be- Texas instruments added comes part of Bayer. Twitter
low the mark it set the same 1.4 percent to $117.36 and rose 5.5 percent to $39.98.
day. Most of the stocks on eBay gained 3 percent to Netflix, which will become
the New York Stock Ex- $40.24. Apple, which also part of the S&P 100 index,
change were trading high- set record highs Monday, rose 1.2 percent to $366.18.
er Tuesday afternoon. continued to climb. It ad- BONDS: Bond prices rose.
JOB OPENINGS: The Labor vanced 0.7 percent to The yield on the 10-year
Department said the num- $193.13. Treasury note fell to 2.91
ber of available jobs rose BITTER BREW: Starbucks fell percent from 2.94 percent.
in April, and for the first after Howard Schultz said Financial companies fell in
time since records began he's stepping down as the tandem with bond yields.
in December 2000, there coffee chain's chairman.
are more job openings Schultz has been chairman
than unemployed Ameri- of the company since 2000
cans. That could give work- and oversaw enormous
ers more leverage for pay expansion for Starbucks
raises, while high levels of over that time. He stepped
employment and greater away as CEO in 2000 but
consumer spending are returned in 2008, and relin-
expected to lead to faster quished that title to Kevin
economic growth in the Johnson in 2017. The stock
coming months. lost 2.1 percent to $55.88.
Retailers helped lead the ENERGY: Oil prices were
way Tuesday as more of mixed. Crude recently hit
them reported their latest a three-year high but has
quarterly results. G-III Ap- declined sharply over the
parel Group climbed 10.9 past two weeks. U.S. crude
percent to $47.55 after it picked up 0.9 percent to
raised its annual profit and $65.36 a barrel in New York.
sales forecast following a Brent crude, used to price
strong first quarter. Ascena international oils, lost 0.6
Retail shook off early losses percent to $74.81 a barrel
to trade higher. in London.
Bigger retailers and con- U.S. crude has fallen 9 per-
sumer-focused companies cent since it peaked at just