Wall St slips as bank and health stocks drag

Posted February 10, 2017

Energy was the worst-performing S&P sector, falling 1.3 percent. Optimism remains high about the prospects of corporate tax cuts, the financial sector being deregulated, and higher spending on infrastructure. Eastern Time. The Dow Jones industrial average fell 36 points, or 0.2 percent, to 20,053.

The S&P 500 index added 1.59 points, or 0.1 percent, to 2,294.67.

However, the lack of details regarding economic policies and Trump's focus on isolationist policies, including a travel ban on seven mainly Muslim nations, have also made investors cautious.

Oil prices were pressured by sluggish demand and evidence of a burgeoning revival in US shale production that could complicate efforts to reduce a supply glut.

Walt Disney was up 1.6% at US$110.89 after Bob Iger said he was open to extending his term as chief executive officer. Combined earnings of S&P 500 companies are estimated to have risen 8.2% - the most in nine quarters.

The entertainment firm reported quarterly earnings of 2.479 billion US dollars for its first fiscal quarter ended December 31, 2016, a decrease of 14 percent from the prior-year quarter. The stock was the biggest gainer in the S&P 500, climbing $4.58 to $74.20. The S&P ended the day up 0.07% while Nasdaq climbed 0.15%. Goldman Sachs (GS.N) fell 0.8%, making it the biggest drag on the Dow, and JP Morgan (JPM.N) fell 0.9%.

Man City have no intention of selling Aguero in Summer
Swansea were unfortunate not to hold on after weathering the storm and then getting within moments of claiming an unlikely point. Dortmund would likely command big money for the 27-year-old, who has 60 goals in his last 73 games for the Bundesliga giants.

General Motors slipped 4.5 percent to $35.22 after the automaker said fourth-quarter net income fell partly because of $500 million in foreign exchange losses.

Michael Kors dropped 11.6 percent, after the handbag maker forecast current-quarter profit below estimates.

Shares of the Walt Disney Company edged up 0.01 percent to 109.01 US dollars apiece Wednesday after the company delivered quarterly earnings above estimates but revenues shy of forecasts.

About 6 billion shares changed hands in USA exchanges, below the 6.7 billion daily average over the last 20 sessions.

Advancing issues outnumbered declining ones on the NYSE by a 1.29-to-1 ratio; on Nasdaq, a 1.23-to-1 ratio favored decliners.

The NASDAQ composite showed 51 new lows and about 92 new highs and the S&P 500 had 3 new lows and 19 new highs in a span of 52 weeks.