Asian shares track weakness on Wall St; China shares higher

20 January 2018, 05:17 | Andres Norman

Image Courtesy Twitter @Nasdaq

Image Courtesy Twitter @Nasdaq

In the end, the Dow Jones Industrial Average lost a fraction, the S&P 500 lost 0.4%, the Nasdaq Composite lost 0.5% and the Russell 2000 lost 1.2%.

A trader works at the New York Stock Exchange.

"USA equity markets flip flopped returning from the Martin Luther King Day holiday and coupled with the softer oil prices, set Asian markets for a day of contemplation", Jingyi Pan of IG said in a commentary.

Earlier in the day Wall Street's three benchmark indexes each touched record highs. For the final three quarters of this year earnings growth is expected to be close to 15 percent.

Over the course of the day 103,874 shares traded hands, as compared to an average volume of 271,690 over the last 30 days for SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO).

Earnings and corporate news were still in focus during the first trading day of the holiday-shortened week, with Citigroup, UnitedHealth, Comerica, and CSX some other major brands set to publish their latest quarterly results.

The CBOE Volatility index, a widely followed measure of market anxiety, rose to a more than 1-month high of 11.66.

CORPORATE NEWS: Shares in Airbus rose 2.6 percent after the planemaker struck a deal to sell more of its A380 superjumbo jets to Emirates airlines. The S&P 500 closed down 9.82 points, or 0.4%, to 2,776, with eight of the 11 main sectors finishing in negative territory.

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February gold rose $2.20, or almost 0.2%, to settle at $1,337.10 an ounce.

Alcoa Corp (AA.N) tumbled 7.0 percent after the aluminum producer's earnings missed analysts' estimates.

General Electric shares fell more than 4 percent after the company said it would record a $6.2 billion charge in the fourth quarter, related to its finance arm's run-off insurance portfolio.

The S&P 500 shed 4.27 at 2,798 and the Nasdaq lots 1.08 at 7,297. Bank of America lost 0.2% while Goldman lost 1.9%. Investors of record on Monday, December 18th will be issued a dividend of $0.5606 per share.

The price of the digital currency, which soared past year after starting the 2017 under $1,000, has been hurt amid signs of potentially increased scrutiny from governments. The euro fell to $1.2235 from $1.2271.

The Japanese yen was flat at 110.54 per dollar, the first retreat in more than a week.

US crude added 24 cents to $63.97 per barrel on the New York Mercantile Exchange. India's Sensex added 0.8 percent to 35,035.49.

Acuity Brands Inc (NYSE: AYI) has grabbed attention from the analysts when it experienced a change of -1.41% in the last trading session to close at $161.49.

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