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“There’s a resurfacing of global growth fears, which has pushed U.S. stocks down,” said Veronica Willis, investment strategy analyst at Wells Fargo Investment Institute in St. Louis mont blanc cufflinks amazon. “There are still some concerns surrounding trade, and I think those issues will linger for some time.”. Stocks pared losses toward the end of the session. The benchmark S&P 500 index hit a key technical level – 2,700 – that likely prompted buying, said Michael Antonelli, managing director of institutional sales trading at Robert W. Baird in Milwaukee..

Still, among the S&P 500’s major sectors, only the defensive utilities and real estate indexes were positive, illustrating Thursday’s risk-off sentiment. The Philadelphia SE Semiconductor Index tumbled 2.2 percent. Chipmakers get a large chunk of their revenue from Chinese customers. Disappointing financial forecasts from several U.S. companies, including Twitter Inc, have also given investors pause mont blanc cufflinks amazon. More than half of S&P 500 companies have reported fourth-quarter results, with about 71 percent beating profit estimates, according to IBES data from Refinitiv. However, current-quarter earnings growth estimates have shrunk to 0.1 percent from 5.3 percent at the start of the year..

“As earnings reports come in, there’s a heightened concern that future revenue growth as well as earnings over the course of 2019 won’t be as robust as investors expected,” said Chad Morganlander, senior portfolio manager at Washington Crossing Advisors in Florham Park, New Jersey. The Dow Jones Industrial Average fell 220.77 points, or 0.87 percent, to 25,169.53, the S&P 500 lost 25.56 points, or 0.94 percent, to 2,706.05 and the Nasdaq Composite dropped 86.93 points, or 1.18 percent, to 7,288.35 mont blanc cufflinks amazon.

Energy stocks fell 2.1 percent, the largest percentage drop among S&P 500 sectors, as crude prices sank on worries of tapering demand because of trade tensions. Twitter shares tumbled 9.8 percent after the social media company forecast that revenue in the first quarter would be weaker than expected and that its full-year operating costs would rise mont blanc cufflinks amazon. SunTrust Banks Inc shares jumped 10.2 percent after the bank agreed to be bought for about $28 billion in stock by fellow regional lender BB&T Corp, whose shares rose 4.0 percent..

NEW YORK (Reuters) – Barclays Plc said on Thursday it hired Riaz Ladhabhoy, an investment banker from Deutsche Bank to be the co-head of internet banking in the Americas, a move that comes ahead of a wave of IPOs expected in the sector this year. Ladhabhoy, a managing director, will be based at Barclays’ Menlo Park, California office and will start in the spring. Deutsche Bank declined to comment. He will report to Laurence Braham and Greg Dalvito, co-heads of Technology Banking mont blanc cufflinks amazon. Brian Yick is the other co-head of the Internet group..