US stock-market indexes opened modestly lower on Monday, with investors turning skittish after North Korean government over the weekend said it had successfully tested its largest ever nuclear bomb. Stocks were coming off back-to-back weekly gains. Don't have an account?
Markets were closed on Monday in observance of Labor Day. The S&P 500 Index capped off a six-day winning streak on Friday by closing near record highs.
If anything, the market swoon on Tuesday is evidence that all is well, Mr. McCain suggested. Hong Kong's Hang Seng index sank 0.9 percent to 27,485.12 and Shanghai Composite Index slipped 0.3 percent to 3,373.05.
London's blue chip index also saw a drag from the housing sector, with Barratt Developments dropping almost 4% despite posting record annual profit, better than forecast revenue and a 39% hike to its dividend.
Treasury prices rose, pulling yields lower, on Tuesday after North Korean tested a nuclear bomb over the weekend, spurring investors to shift to government paper and other assets seen as havens.
The Japanese yen - one of the market's favorite fiat havens - has also strengthened.More news: Beats Studio 3 Wireless boasts smarter noise cancelling, long battery life
Declining issues outnumbered advancing ones on the NYSE by a 2.34-to-1 ratio; on Nasdaq, a 2.14-to-1 ratio favored decliners.
September is often considered the worst month for investing, especially on Wall Street.
Sports Direct pushed higher as it reiterated its full-year guidance, expressed optimism over its outlook and confirmed that it now owns 100% of Flannels. Bucking the trend, shares of Wal-Mart and thsoe of Home Depot rose, up 1.7 percent and 1.4 percent recently for the largest percentage gains in the Dow.
S&P 500 (NYSEARCA:SPY) futures fell 6.25 points to close at 2,468.00 in holiday-shortened trade.
The market had a muted reaction to Japanese economic data released earlier on Wednesday, which raised doubts about the Bank of Japan's assertions that a tightening labour market will lead to higher wages and an increase in consumption, which in turn will boost economic activity and inflation. The overnight rate has been at 1.5% since August 2016.
The Reserve Bank of Australia, Bank of Canada and European Central Bank are all expected to deliver policy verdicts this week.
Data last week showing that Canada's economy grew at the fastest rate in nearly six year in the second quarter has bolstered expectations for a rate hike ahead of the meeting.