Markets fell slightly on Monday after a heightened close to the weekend with Sunday night's terrorist attack in London and the widening rift between Qatar and other Gulf States as part of the fallout. The dollar rose as oil prices slid to $47.35 a barrel.
Edginess was witnessed globally across markets given a number of geo-political events on the near horizon including the European Central Bank meeting.
Sterling was on a wild ride and the FTSE dipped tentatively to -0.29% to 7525.76% following the latest atrocity and polls showing Prime Minister Theresa May ahead but with a narrowing lead.
US markets fell back slightly after last week's record gains with the NASDAQ down -0.16% to 6,295.68 and the S&P 500 -0.12 to 2,436.10.
- Dow 21,184.04 -0.10%
- S&P 500 2,436.10 -0.12%
- NASDAQ 6,295.68 -0.16%
- Russell 2000 1,396.45 -0.64%
- NYSE Composite 11,693.65 -0.21%
- Gold 1,281.60 -0.09%
- Oil WTI $47.35 -0.11%
- 10-year yield 2.18% +0.02%
Steely does it
The opening of the US market today reveals that last week's indice highs still underscore a stock market seemingly steeled to deal with a steady onslaught of disheartening political news.
Among decliners on the Dow were Apple (-0.98% $153.93) which unveiled its new wireless home speaker today and led the big board down after a ratings cut by analysts.
United Technologies also fell-0.93% to $120.98 and Boeing (-0.67% to $188.95).
Advancers were Walmart went up +0.80% to $80.26, Microsoft (+0.72% to $72.28) and Exxon Mobil (+0.78 $80.12). Notable was that Alphabet like Amazon also crossed the $1000 boundary in early trading.
Banks and tech gathered momentum on NASDAQ with 1st Constitution Bancorp up +3.17% to $17.90 and 8x8 semiconductor company (+0.70% to $14.30).