S&P 500, Dow end lower with energy, financials; Tesla falls

Dow down 200 emerging markets crashing on US-Turkey geopolitical concerns

Andrew Kelly Reuters

Shares of Apple rose 1 percent, while those of Amazon were up 0.8 percent and Microsoft 0.4 percent.

The latest data pointed to strength in the labour market, underscoring the health of the USA economy despite ongoing trade tensions.

Futures implied the index would open up at 2,860.7, about 12 points away from the record.

Stocks traded little changed on Thursday as the S&P 500 was within striking distance of reaching an all-time high.

At 8:52 a.m. ET, Dow e-minis were down 28 points, or 0.11 percent.

The Dow is up 46.65 points, or 0.2 percent.

S&P 500 e-minis were down 4.25 points, or 0.15 percent and Nasdaq 100 e-minis were down 20.75 points, or 0.28 percent.

The S&P 500 was just 1 percent shy of a record it hit on January 26 on Tuesday as an estimated 24 percent jump in earnings from S&P companies underscored the strength of the world's biggest economy and corporate sector.

The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that a strong economy was helping the labor market counter ongoing trade tensions.

About 6.7 billion shares changing hands on US exchanges.

The energy sector was the biggest loser, dragged down by Occidental Petroleum, the largest Permian producer, which boosted its capital expenditure.

All the 11 major S&P sectors were trading in the red.

Russia's dollar-traded RTS index plunged over three percent, Brazil Bovespa index was losing 2.3 percent, and the Turkish Borsa Istanbul index saw a 5.4 percent sell-off.

Meanwhile, concerns over escalating trade conflict between the US and China weighed on the trade-sensitive S&P 500 Industrials Index, which ended up losing 0.57% on the day. Tribune shares rose 2.9 percent. Micron, Applied Materials and ON Semiconductor fell between 1.8 percent and 2.4 percent.

The S&P 500 lost 7.07 points, or 0.2 per cent.

Declining issues outnumbered advancing ones on the NYSE by a 1.04-to-1 ratio; on Nasdaq, a 1.10-to-1 ratio favoured advancers.

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