USA stock indexes swung between gains and losses on Wednesday, as Boeing's jump after upbeat results and outlook was negated by declines in technology stocks and rising US bond yields.
The S&P 500 index on Wednesday added 4.84 points, or 0.2 percent, to 2,639.40. The Nasdaq Composite Index ended virtually flat at 7,004, down less than 0.1%.
Stocks tumbled Tuesday after companies including Caterpillar, 3M and Sherwin-Williams said they're seeing higher costs.
BONDS: The concerns about increased costs also come at a time of rising interest rates, which makes it more expensive for companies to borrow money.
Twitter fell by nearly 2.5 per cent after the social media company said it expects a slowdown in revenue growth and rising costs.
Alphabet shares fell 4.77 per cent, erasing the stock's year-to-date gains as rising expenses and shrinking margins overshadowed the company's better-than-expected profit.
The 10-year bond note yield traded at highest level since January 2014, breaking above 3 percent for the first time in more than four years.
Industrial and basic materials companies and technology firms took some of the worst losses.
Aerospace company Boeing was an exception, as it topped Wall Street's estimates and raised its forecasts for the year.
THE QUOTE: Stocks shot up at the end of 2017 and the start of 2018 as investors bet that the recent corporate tax overhaul would lead to bigger profits for American companies and greater economic growth. The S&P 600 closed at 955.03 for a loss of -2.34 points or -0.24%.
Gina Martin Adams, chief equity strategist for Bloomberg Intelligence, said it hasn't happened yet.
USA crude oil futures settled 1.4 per cent lower at $67.70 a barrel as concerns faded over the possibility that the United States might reinstate sanctions against Iran. The stock market had already been spooked by a climb in bond yields earlier in the year, sliding sharply in February.
Other big technology companies also fell, as Facebook dropped 3.7 percent to $159.69 and Microsoft skidded 2.3 percent to $93.12. The 10-year Treasury is seen as a proxy for interest rates and a predictor of the long-term outlook for the United States economy. Exxon Mobil rose 1.5 percent after raising its dividend.
Another market favorite, online retailer Amazon, shed 3.8 percent to $1,460.09. By the close, Hong Kong's Hang Seng lost 1%, South Korea's Kospi fell 0.6%, China's Shanghai Composite shed 0.4%, and Japan's Nikkei dipped 0.3%. The Dow finished up about 60 points, or 0.23, at 24,083, with Boeing's stock contributing about 96 points to the blue-chip average.
Chaika, his representatives and his institutions other than those related to my professional functions as a lawyer". But in a new exclusive interview with NBC, Veselnitskaya said, "I am a lawyer, and I am an informant".
Over the course of the franchise's history, the Dolphins have never had a tight end who caught more than 80 passes in a season. Baker was a two-year starter at Ohio State, as he played a majority of his snaps as a weakside linebacker in their 4-3 scheme.
As one source explained it to PFT, the Cardinals' biggest impediment is that they have the 15th overall pick in a 12-player draft. With that pick, the Cardinals selected Rosen, giving them their next franchise quarterback. "I'm determined", Rosen said.
Schiff wants to release the transcripts of interviews so the public can see the "evidence for themselves and judge accordingly". Conaway, the lead Republican on the Russian Federation investigation, was asked whether he planned to release the transcripts.
Barring trades, Denver will wrap up its draft with two fourth-round picks and two fifth-round selections Saturday. It wouldn't be surprising to see the Broncos sign a college free agent cornerback following the draft as well.
It could be that these medications are being prescribed for very early symptoms indicating the onset of dementia. Similar drugs used to treat bladder conditions and Parkinson's disease were also linked to the brain disorder.
Those most at risk for E. coli illness include the very young, the very old and individuals with compromised immune systems. Forty-six of the ill individuals have been hospitalized, a higher rate than the 30% typically seen in E. coli outbreaks.
Just seven hours following his birth, the proud parents posed for photos on the steps of the hospital cradling their newborn. Now that the sex of the baby has been announced after much speculation , royal fans are dying to know what he'll be named.
He also lost in the second round in Miami and in Indian Wells, and failed to advance past the last 16 at the Australian Open. The 31-year-old is to face another Spaniard, Guillermo Garcia Lopez, who progressed after Kei Nishikori retired.
Mill, who was ordered out on bail by the Pennsylvania's Supreme Court yesterday afternoon, told Holt: 'I don't feel free. Meek Mill was released from prison on Tuesday after serving five months out of a two to four year sentence.
As tough of a loss as this is, the Jazz are confident they will be able to bounce back at home in Game 6 Friday night. The Thunder have life and will come in believing they can pick up where they left off to close Game 5.
Chicago Cubs Kris Bryant Out Of Lineup Against Brewers
Hopefully, he will be back this weekend so Bryant can get this nasty memory of a fastball to the head situation behind him. He is now using a face guard during batting practice today and Joe Maddon said that he expects him in the lineup tomorrow.
Israel denies killing Palestinian in Malaysia
Israel says it is defending its border and accuses Hamas of using the demonstrations as cover to plan and carry out attacks. In Gaza, Hamas leaders and relatives are waiting at the Egyptian border for his body.