12 August, 2017
The FTSE 250 pizza delivery company will pay GBP24.0 million to its largest London franchisee for a 75% stake in a newly formed company, which will own the franchisee's 25 existing Domino's stores in the capital.
The Standard & Poor's 500 index fell 24 points, or 1 per cent, to 2,449 as of 2:16 p.m.
The Dow Jones Industrial Average (NYSEARCA:DIA) closed down 0.2% at 22,048.70.
Copper lost 0.39 percent to $6,455.00 a tonne.
"The fear trade, which is the gold trade, has helped buoy the Toronto Stock Exchange", said Allan Small, a senior investment advisor at Holliswealth. President Trump has warned that an attack by North Korea would mean "things will happen to them like they never thought possible".
The dollar weakened after news that US producer prices unexpectedly fell in July, recording their biggest drop in almost a year and pointing to a further moderation in inflation that could delay a Federal Reserve interest rate increase.
"I think we should have caution about what we see online or on the news about how the tensions are so high it's going to break at any moment".
Earnings also led to some heavy losses. It is set for a weekly gain of 2.4 percent. The grim mood also spread to eurozone markets, with the French CAC 40 falling 0.9%. Bank of New York Mellon fell $1.56, or 2.9 per cent, to $52.48, while Citizens Financial Group slid 86 cents, or 2.5 per cent, to $34.17.
The report said labor productivity climbed by 0.9 percent in the second quarter after inching up by a revised 0.1 percent in the first quarter.
Avis Budget Group slumped 9.9 percent after the vehicle rental company cut its guidance following a weak second quarter. It usually moves opposite to the movements of stocks and rises when the S&P 500 falls. Its shares tumbled $13.09 to $60.25. TripAdvisor shares shed $2.70, or 6.8 percent, to $36.85. While both firms reported strong quarterly revenue gains, they were more cautious about growth prospects ahead. The stock lost $5.07 to $101.91. Odds of a Fed rate rise during the December meeting now stand at around 40% according to the CME Group's 30-day Fed Fund futures prices.
Bond prices rose. The yield on the 10-year Treasury note slipped to 2.20 percent from 2.25 percent late Wednesday. Brent crude, used to price worldwide oils, slid 80 cents, or 1.5 percent, to $51.90.
In commodities, oil prices recovered after government data showed a much bigger than expected drawdown in commercial crude inventories.
Appetite for so-called haven assets continued to support gold, which rose 0.3% Friday to $1,294.00 a troy ounce. Silver gained 20 cents, or 1.2 percent, to $17.07 an ounce.