About: http://data.cimple.eu/news-article/439376ca186f137975a830b07178ce0cb433b10568f20b32df2323b7     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • Wall Street stocks mostly fell early Thursday as a rally that has lifted major indices to new records finally showed signs of fatigue. About 15 minutes into trading, the Dow Jones Industrial Average remained modestly positive at 29,135.89, up 0.1 percent. But the broad-based S&P 500 shed 0.7 percent to 3,555.61, while the tech-rich Nasdaq Composite Index tumbled 1.9 percent to 11,822.26, both retreating from record levels set Wednesday, that put the Nasdaq above 12,000 points for the first time. The rally was based on hopes for a strong economic recovery following coronavirus and optimism about vaccines and therapeutics for the virus. Economic data released Thursday showed a bigger-than-expected drop in new jobless claims and an unexpectedly big trade deficit for July. But Briefing.com analyst Patrick O'Hare said the pullback in equities was not the result of fears for the economy, but mostly due to an inevitable reconsideration about excessive valuations following the surge in recent weeks. "Let's not kid ourselves with the idea that worries about COVID, the election, diplomatic tension with China, or the fiscal cliff are the basis for this morning's weakness," O'Hare wrote in a morning note. "The basis for this morning's weakness is the realization that things are getting carried away in terms of trend exuberance and that some profit taking is in order." jmb/hs
schema:headline
  • US stocks mostly lower as rally shows sign of fatigue
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software