Keith Bliss of DriveWealth LLC joins Yahoo Finance's Seana Smith from the New York Stock Exchange to discuss the latest market moves after Commerce Secretary Ross responds to a statement by Federal Reserve Chairman Jerome Powell. Here's the performance of the components of the Nasdaq 100 Index as of 2:00 pm ET: FOX(F) Twenty-First Century Fox Inc B 1.73% FOXA(F) Twenty-First Century Fox Inc A 1.42% ORLY O'Reilly Automotive, Inc. 1.11% SHPG Shire plc ADS 1.06% WDC Western Digital 0.93% TSCO Tractor Supply 0.91% ALXN Alexion Pharmaceuticals 0.88% COST Costco Wholesale Corp 0.78% SBAC SBA Communications'A' 0.75% MNST Monster Beverage Corporation 0.69% LRCX Lam Research 0.64% MU Micron Tech 0.51% VIAB Viacom Inc Cl 'B' 0.50% MAT Mattel, Inc 0.49% STX(HB) Seagate Tech 0.45% CHTR Charter Communications Inc 0.44% AMAT(HB) Applied Materials 0.37% KLAC KLA-Tencor Corp 0.35% NXPI NXP Semiconductors N.V. 0.23% BMRN Biomarin Pharmaceutical 0.24% ADP Automatic Data Proc 0.22% HSIC Henry Schein Inc 0.15% BIIB Biogen Inc 0.11% HAS Hasbro Inc 0.02% PYPL PayPal Hldgs Inc -0.02% ROST Ross Stores -0.09% GILD Gilead Sciences -0.11% MDLZ Mondelez Int'l Inc Cl A -0.15% QCOM Qualcomm Inc -0.32% WBA Walgreen Boots Alliance Inc -0.35% NTES Netease Inc Ads -0.38% ULTA Ulta Beauty Inc -0.43% AMGN Amgen Inc -0.43% HOLX Hologic Inc -0.45% NFLX(HB) Netflix Inc -0.45% ISRG Intuitive Surgical -0.46% FB Facebook Inc -0.49% PAYX Paychex Inc -0.53% LBTYK Liberty Global plc Cl C -0.49% DLTR Dollar Tree Inc -0.51% EA Electronic Arts, Inc. -0.52% VOD Vodafone Grp Plc ADS -0.53% AVGO Broadcom Inc -0.60% CTAS Cintas Corp -0.60% FISV Fiserv Inc -0.71% LBTYA Liberty Global plc Cl A -0.71% CELG Celgene Corp -0.78% VRTX Vertex Pharmaceuticals -0.79% AAPL Apple Inc -0.79% QRTEA Qurate Retail Inc -0.80% ILMN Illumina Inc -0.84% TMUS(HB) T-Mobile US Inc -0.81% MYL Mylan NV -0.84% CA CA Inc -0.89% MSFT Microsoft Corp -0.94% KHC The Kraft Heinz Company -1.02% ESRX Express Scripts Hldg Co -1.04% INCY Incyte Corp -1.03% $NDX.X Nasdaq 100 -1.03% SYMC(E) Symantec Corp -1.12% AKAM Akamai Technologies -1.13% ADBE Adobe Systems -1.14% MXIM Maxim Integrated Prod -1.17% ATVI Activision Blizzard Inc -1.18% SWKS Skyworks Solutions -1.16% BKNG(HB) Booking Hldgs Inc -1.17% VRSK Verisk Analytics Inc -1.21% DISCA(HB) Discovery Inc Ser A -1.19% AAL American Airlines Grp inc -1.24% BIDU(HB) Baidu Inc -1.22% EXPE Expedia Grp Inc -1.20% CHKP(HB) Check Point Software Tech -1.23% DISCK(HB) Discovery Inc Ser C -1.26% XRAY Dentsply Sirona Inc -1.29% AMZN Amazon.com Inc -1.32% XLNX Xilinx Inc -1.35% CTXS Citrix Systems Inc -1.45% CTRP Ctrip.com Intl Ltd -1.47% CSX CSX Corp -1.50% GOOG Alphabet Inc Cl C Cap Stock -1.47% CSCO Cisco Systems -1.49% CTSH Cognizant Tech Solutions'A' -1.59% CMCSA Comcast Cl A -1.68% PCAR PACCAR Inc -1.68% GOOGL Alphabet Inc Cl A -1.72% AABA(HB) Altaba Inc -1.83% MAR Marriott Int'l Cl A -1.82% INTU Intuit Inc -1.86% ADI Analog Devices -1.87% TXN(HB) Texas Instruments -2.00% NVDA Nvidia Corp -2.02% NCLH Norwegian Cruise Line Hldg -2.06% CERN Cerner Corp -2.12% INTC Intel Corp -2.19% ADSK Autodesk, Inc -2.21% JD JD.com Inc -2.30% MCHP Microchip Tech -2.48% REGN(HB) Regeneron Pharmaceuticals -2.70% TRIP TripAdvisor Inc When-Issued -2.90% LILAK(HB) Liberty Latin America Ltd Cl C -3.04% LILA Liberty Latin America Ltd Cl A -3.06% DISH DISH Network Corp Cl A -3.16% SBUX Starbucks Corp -3.30% EBAY eBay Inc -3.53% FAST Fastenal Co -3.82% TSLA Tesla Inc -4.16% SIRI(HB) Sirius XM Hldgs Inc -4.66%
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Bank of England kept interest rates unchanged but policy statement, dissents reveal hawkish tiltBloomberg News/LandovBank of England Gov. Mark Carney, right, speaks at a November news conference as Ben Broadbent, deputy governor for monetary policy, looks on. The British pound was one of the strongest-performing major currencies on Thursday, bouncing higher after the Bank of England’s monetary policy update.
Investing.com – The U.S. dollar gave up its early gains against its rivals following weaker Philadelphia Fed data and a rebound in sterling after the Bank of England's hawkish pivot.
* Philly Fed business index sinks to 1-1/2-year low * Lower U.S. yields, technical factors pressure dollar * Pound rises after BoE economist calls for rate hike * Mexican peso rises after central bank hikes rates (Updates market action, adds quote) By Richard Leong NEW YORK, June 21 (Reuters) - The dollar fell from an 11-month high against a basket of major currencies on profit-taking on Thursday, while sterling recovered from a seven-month low as the Bank of England's top economist unexpectedly supported an interest rate hike. The Philadelphia Federal Reserve's gauge of U.S. Mid-Atlantic business activity fell to a 1-1/2 year low, raising concern about the U.S. economy and causing some traders to book profits on bullish dollar bets, analysts said.
Gold prices remained at six-month lows on Thursday, as trade tensions between the U.S. and China resurfaced. Comex gold futures for August delivery were down 0.46% to $1,268.60 a troy ounce as of 10:57 AM ET (14:57 GMT). Tensions between the U.S. and China continue, as the two largest economies in the world faced a tit-for-tat over trade tariffs.
Euro zone finance ministers will decide on Thursday how much cash and debt relief to give Greece in return for compliance with economic reforms, to ensure Athens can finance itself after it exits its bailout in August. Greece has been living primarily on money borrowed from euro zone governments in three bailouts since 2010, when it lost market access because of a ballooning budget deficit, huge public debt and an inefficient economy and welfare system. Euro zone governments, Greece's main creditors, plan to look at its debt servicing costs over coming decades to smooth out any sharp peaks.
Investing.com - The dollar eased after hitting the highest levels of the year on Thursday following the release of soft U.S. manufacturing data, while the pound was higher after the Bank of England laid the groundwork for an August rate hike.
The S&P 500 fell two points or 0.09% to 2,764.95 as of 9:40 AM ET (13:40 GMT) while the Dow composite decreased 93 points or 0.38% to 24,564.35 and tech heavy NASDAQ Composite rose over six points or 0.08% to 7,788.04.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after the Philadelphia Fed Manufacturing Survey printed a disappointing headline number. Here's the performance of select trending stocks as of 1:00 pm ET: HMNY(HB) Helios and Matheson Analytics 12.37% TVIX(HB) VS 2X VIX Short Term 8.74% UVXY(HB) ProShs Ultra VIX Short-Term 6.74% CHK Chesapeake Energy Corp 1.56% SNAP(HB) Snap Inc 1.45% MU Micron Tech 1.26% AMAT(HB) Applied Materials 1.12% PG Procter & Gamble Cc 0.84% T AT&T Inc 0.39% JNJ Johnson & Johnson -0.05% SQ Square Inc -0.12% QCOM Qualcomm Inc -0.11% WMT Wal-Mart Stores -0.31% BRK-A(HB) Berkshire Hathaway'A' -0.33% IBM Intl Business Machines Corp -0.31% DIS Disney (Walt) Co -0.42% XOM Exxon Mobil -0.44% MSFT Microsoft Corp -0.43% BAC Bank of America Corporation -0.50% BRK-B Berkshire Hathaway'B' -0.51% CRM salesforce.com Inc -0.54% SPY SPDR S&P 500 ETF -0.52% JPM JPMorgan Chase & Co -0.54% C Citigrp Inc -0.57% QQQ Invesco QQQ Trust Series 1 -0.59% MDGL Madrigal Pharma Inc -0.61% GOOG Alphabet Inc Cl C Cap Stock -0.64% OLED(3) Universal Display Corp -0.69% WFC Wells Fargo -0.70% GOOGL Alphabet Inc Cl A -0.89% NVDA Nvidia Corp -0.93% BIDU(HB) Baidu Inc -0.90% TEVA Teva Pharm Indus ADR -0.93% CSCO Cisco Systems -0.91% KMI Kinder Morgan Inc -1.03% CRSP(HB) CRISPR Therapeutics AG -1.29% MOMO Momo Inc ADS -1.29% TXMD(HB) TherapeuticsMD Inc -1.37% BA Boeing Co -1.47% INTC Intel Corp -1.55% SBUX Starbucks Corp -1.58% BABA Alibaba Group Holding Ltd -1.70% GE General Electric Co -1.75% DB Deutsche Bank Ag Ord -1.81% F Ford Motor -1.90% JD JD.com Inc -1.97% GM General Motors Co -2.62% TSLA Tesla Inc -2.77% PBR Petroleo Brasileiro S.A. ADS -2.69% GERN(HB) Geron Corp -3.04% TWTR Twitter Inc -3.10% BOX(0) Box, Inc -3.41% AMD Advanced Micro Devices Inc -3.24% TRXC(HB) TransEnterix Inc -3.85% SIRI(HB) Sirius XM Hldgs Inc -4.33% IQ(HB) IQIYI Inc ADS -6.00% 0005.HK ACB.TO YM=F CADUSD=X GC=F BBD-B.TO ^RUT