Rapid gains in technology stocks have already powered the Nasdaq back to its record levels. Disney lost 1.4 percent. Wall Street stocks advanced early today, keeping positive momentum from last week's strong jobs report ahead of key data releases on USA inflation and retail sales.
The Dow Jones Industrial Average dropped 124 points, or 0.5%, to 25211. The S&P 500 fell 17.71 points, or 0.64%, to 2,765.31. The fund purchased 20,550 shares of the exchange traded fund's stock, valued at approximately $5,084,000.
Stocks are opening slightly higher on Wall Street, led by gains in retailers and technology companies.
Teacher 'Accidentally' Fires Gun In Class
City of Seaside, California where Sand City Police Reserve Officer and teacher Dennis Alexander fired a gun inside a classroom. His administration of justice class at Seaside High School is designed for students considering careers in law enforcement.
Industrials (-1.2%) was easily the weakest sector on the day, as investors anxious that "a mistake in trade policy could be as big as a mistake in monetary policy", according to Art Hogan, chief market strategist at B. Riley FBR.
Gains in Apple, Amazon and chipmakers Broadcom and Micron Technology drove the S&P 500 higher. SPDR Dow Jones Industrial Average ETF makes up approximately 1.3% of Centaurus Financial Inc.'s investment portfolio, making the stock its 12th biggest position. Futures for the Nasdaq 100 index rose 40.25 points to 7,164.75.
Stocks are opening higher on Wall Street and bond yields are falling as investors are relieved to see that inflation remained in check last month.
Philippines to quit International Criminal Court: Duterte
The prime minister says the president of the Philippines was receptive to concerns he raised about human rights. If you want to execute me, look for a country that allows prisoners to be executed by firing squad.
Chipmaker Qualcomm slumped 3.3 percent after the White House blocked a hostile bid from Broadcom to take over the company, citing national security concerns.
The broad-based S&P 500 added 0.2 per cent at 2,792.63, while the tech-rich Nasdaq Composite Index gained 0.3 per cent to 7,585.93.
Smith Moore & CO. boosted its stake in SPDR Dow Jones REIT ETF (NYSEARCA:RWR) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
Bitcoin stumbles as Google plans to ban all cryptocurrency related ads
Additionally, the Silicon Valley powerhouse said it blocked more than 12,000 websites for copying content from other sites. A Google spokeswoman said the company's policies will try to anticipate work arounds like this, as per the report.
The Dow Jones industrial average climbed 116 points, or 0.5 percent, to 25,294.