Energy drags Wall St lower; S&P down slightly in August

first_imgStocks ended lower on Wall Street on Wednesday, as energy shares tracked oil prices lower, and the S&P posted a loss for August, the first negative month for the benchmark index since February.The Nasdaq gained one per cent in August and the S&P shed 0.1 per cent, speaking to stocks’ resiliency after the S&P hit an all-time high mid-month. It ended Wednesday within one per cent of its record close.The energy sector of the S&P 500 ended 1.4 per cent lower on Wednesday, its largest daily decline in three weeks, as US crude futures fell more than three per cent.Data earlier showed the Private Sector created 177,000 jobs in August, in line with expectations, and contracts to buy previously owned homes surged in July, suggesting the economy was regaining sufficient momentum for the Federal Reserve to raise interest rates this year.The strong numbers sharpened the focus on Friday’s payrolls report.“If we get another strong number, that’s going to tell you the (Fed) has to raise rates in September all things being equal,” said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. “They telegraphed this in the last week, explicitly.”Strong economic data and comment from central bank officials have increased bets that the Fed will raise rates at least once before the end of the year. This has created a shift in stock market leadership, away from defensive, high-yielding sectors and into cyclicals like industrials and technology.The Dow Jones industrial average fell 53.42 points, or 0.29 per cent, to 18,400.88, the S&P 500 lost 5.17 points, or 0.24 per cent, to 2170.95 and the Nasdaq Composite dropped 9.77 points, or 0.19 per cent, to 5213.22.About 6.82 billion shares changed hands in US exchanges, compared with the 5.98 billion daily average over the last 20 sessions.Palo Alto Networks dropped 7.2 per cent to US$133.17 after the cyber security firm late on Tuesday forecast current-quarter profit and revenue below analysts’ estimates.H&R Block Inc was the top percentage loser on the S&P 500, falling 10.5 per cent after the US tax preparer reported quarterly revenue that missed analysts’ expectations by a large margin.Declining issues outnumbered advancing ones on the NYSE by a 1.69-to-1 ratio; on the Nasdaq, a 1.73-to-1 ratio favoured decliners.The S&P 500 posted 14 new 52-week highs and two new lows; the Nasdaq Composite recorded 103 new highs and 22 new lows. (Reuters)last_img read more

Vettel back to winning ways in Hungary

first_img0Shares0000Ferrari’s Sebastian Vettel leads the Formula One world championshipLONDON, United Kingdom, Jul 30 – Sebastian Vettel, hampered by a “hanging” steering, kept Kimi Raikkonen at bay to win the Hungarian GP, his first race win since May.Fighting for position, Max Verstappen locked up and understeered into Daniel Ricciardo at Turn 2, damaging his team-mate’s RB13. With his car losing fluid, Ricciardo spun at Turn 4 and retired. “Is that who I think it was?” Ricciardo asked over radio. “Yeah.” “Sore loser.” Verstappen was handed a 10-second time penalty for the incident. Nico Hulkenberg and Romain Grosjean also clashed, both cleared of any wrongdoing by the stewards.The Safety Car pitted at the end of lap 5 with Kevin Magnussen telling Haas that it is “going to be a dirty race” based on those lap 1 incidents. That, though, was were the drama began and ended – or so it seemed.Vettel, who started on pole position, dominated the first half of grand prix as he pulled away from the chasing pack, led by his own team-mate Kimi Raikkonen.However, the German began to lose time to Raikkonen and reported that his steering was “hanging to the left, it’s getting worse.” At the same time Mercedes were reporting IT problems with both cars that meant radio issues and a lack of clear communication.The pit stops, played out between lap 31 and 42 for the top five – with Verstappen the last to pit, saw Vettel only just manage to retake the lead from Raikkonen, who had pitted after him. The running order: Vettel; Raikkonen; Bottas; Hamilton and Verstappen.But with Vettel’s troubles continuing and Raikkonen showing more pace, Ferrari faced a conundrum: let the faster driver pass the championship leader or get Raikkonen to play rear gunner to protect Vettel.Mimicking Raikkonen, Hamilton was asking Mercedes to help him pass Bottas, saying he had pace to spare but wasn’t able to use it given that his team-mate in the same car was the man ahead.But while Mercedes did ask Bottas to move over for Hamilton, Ferrari did not give Raikkonen his wish. Hamilton immediately pulled away from Bottas and closed in on Raikkonen. “Lewis, we have five laps to make something of this.” He responds: “No pressure, then.”With 15 laps remaining in the 70-lap race, Vettel, Raikkonen and Hamilton were separated by just two seconds. Proving how difficult it is for this year’s cars to overtake, neither Raikkonen nor Hamilton were able to make a move.They raced to the flag with Vettel taking the win, his first since May’s Monaco Grand Prix, ahead of Raikkone. As such the German’s lead in the championship race is up to 14 points.Bottas was third as Mercedes made a late switch back on the line with Hamilton fourth ahead of Verstappen.Fernando Alonso, who set the fastest lap of the grand prix, won the battle of F1’s Spaniards as he beat Carlos Sainz to sixth place while Sergio Perez got the better of Esteban Ocon in Force India’s intra-team battle.Stoffel Vandoorne made it two McLarens inside the top ten with a P10 finish, his first point of the championship.Romain Grosjean retired on lap 23 when, having pitted for fresh tyres because of a puncture, Haas reported that he had a “crossed wheelnut” and needed to slowly head back to the pits. He pulled over on the side of the track and retired the car.Paul di Resta’s race ended on lap 63 when the Williams reserve, in for the unwell Felipe Massa, was told to pit as there was a problem with the car. He was P18 and last by eight seconds when he stopped.Result1 Sebastian Vettel Ferrari 1:39.46.7132 Kimi Raikkonen Ferrari 0.93 Valtteri Bottas Mercedes 12.44 Lewis Hamilton Mercedes 12.85 Max Verstappen Red Bull 13.26 Fernando Alonso McLaren 71.27 Carlos Sainz Toro Rosso 1 lap9 Esteban Ocon Force India 1 lap10 Stoffel Vandoorne McLaren 1 lap11 Daniil Kvyat Toro Rosso 1 lap12 Jolyon Palmer Renault 1 lap13 Kevin Magnussen Haas 1 lap14 Lance Stroll Williams 1 lap15 Pascal Wehrlein Sauber 1 lap16 Marcus Ericsson Sauber 1 lap17 Nico Hulkenberg Renault 1 lapDid not finishPaul di Resta Williams technicalRomain Grosjean Haas crossed wheelnutDaneil Ricciardo Red Bull accident0Shares0000(Visited 1 times, 1 visits today)last_img read more

Neighbor saw missing wife, murder suspect

first_img 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! SAN FERNANDO — All Tom Deardorff wanted to know that day 16 years ago was if he would have a baby sitter for the evening. But because of a short conversation and what he saw afterward, the Valencia man has become a key witness for the prosecution in the murder trial of his neighbor, John Racz, 61. Racz, a former sheriff’s sergeant, is accused of killing his estranged wife, Ann Racz, on April 22, 1991. Friends and family say they have not heard from her since then, but her body’s never been found. Deardorff testified Friday he was washing his car that day when he saw Ann Mineko Racz driving by. He said he flagged her down, just to make sure the Raczes’ oldest daughter would baby-sit that evening. “She said, no problem; she’d be there,” Deardorff said. “When she left, she said she had to go because she had to get the kids something to eat.” A short time later, and Deardorff said he was unsure how long, John Racz drove off in his own car, in the direction his wife had just gone, Deardorff said. John Racz could have been following his wife, Deardorff said. “He seemed a little bit intent as he went by me,” Deardorff said. “He looked straight ahead.” Prosecutors are trying to convince jurors that John Racz killed his wife after following her as she drove off to McDonald’s the afternoon of April 22, 1991. They say Ann Racz’s plan for that evening was to take her children back to a condo she was renting and make pizza for them. On Friday, Ann Racz’s niece, Kathy Gettman, testified that when she went by the condo later on, she found a Boboli pizza crust still on the counter. Deardorff lived three doors away from the Raczes’ Valencia home. His hobby is restoring old cars, so he often is in the driveway or the garage, he testified. During cross-examination, Racz’s attorney, Darryl Mounger, asked Deardorff if he told a grand jury last year that Racz was three to five minutes behind his wife when he drove off. Deardorff confirmed he said that. “If you’re leaving three to five minutes behind, you’re not following someone are you?” Mounger asked. “That’s true,” Deardorff said. Testimony will resume on July 9.— Alex Dobuzinskis, (661) 257-5253alex.dobuzinskis@dailynews.comlast_img read more

West Ham latest – Sam Byram and James Collins to miss Crystal Palace clash

first_img1 Sam Byram West Ham will be without Sam Byram and James Collins for the visit of Crystal Palace on Saturday – but James Tomkins will be fit.Collins has been nursing a hamstring injury and has been missing since the 1-0 win over Spurs at the start of the month, while Byram hasn’t featured for the Hammers since February.Slaven Bilic revealed the pair are closing in on comebacks but won’t be risked for Saturday’s London derby, while the Croatian is waiting to assess the fitness of Victor Moses, Enner Valencia and Cheikhou Kouyate, who have all yet to return from international duty.“The only players who are out is ‘Ginger’ Collins and Sam Byram,” said Bilic.“They are still injured but are progressing really well.“Some players are coming back tomorrow. Koutaye, Valencia and Moses all had long trips. It’s not ideal but we will have to get back immediately into the shape we were before the international break.”last_img read more

Reports: Southampton to land Barcelona forward Cristian Tello?

first_img Cristian Tello has spent the last two seasons on loan at Porto and Fiorentina 1 Southampton have approached Barcelona over the availability of forward Cristian Tello, according to reports in Spain.The Spaniard is considering his future at the Nou Camp this summer after seeing his path to more regular first-team opportunities blocked by the irrepressible front three Lionel Messi, Neymar and Luis Suarez.Tello spent the second half of last season on loan at Fiorentina, where he was regularly scouted by Southampton and now the Saints are ready to make a bid for the 24-year-old.According to Mundo Deportivo, Southampton have been in contact with Barcelona over a possible swoop but face competition from Fiorentina, who were impressed with Tello during his stint in Italy.The striker scored twice and provided a further five assists in 15 games for the Florence outfit and the Italian club have expressed their interest in completing a permanent move.Southampton and Fiorentina will both participate in next season’s Europa League but the Saints believe the added incentive of playing in the Premier League will persuade Tello to choose them.last_img read more

Mahony urges restrained approach to day’s boycott

first_imgLOS ANGELES – Cardinal Roger Mahony on Sunday said it would be more productive if people went to work and school today and then participated in the national boycott to support immigrants’ rights. A vocal advocate on behalf of immigrants’ rights, Mahony said participation in the pro-immigrant boycott was a personal choice, but that he thought people should go to school and work. “This gives people the opportunity to do two things: to go to work and school and also to participate in a march or rally,” Mahony said after Mass at the Cathedral of Our Lady of the Angels on Temple Street. At school, students could voice their concerns by writing letters to U.S. Senators currently considering immigration legislation, he said. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREOregon Ducks football players get stuck on Disney ride during Rose Bowl eventToday’s boycott – designed to highlight the contribution of immigrants to the nation’s economy – and protests planned throughout the day could mobilize thousands of people in support of greater rights for immigrants both legal and illegal. Above all, Mahony urged people who choose to protest to act in a manner that will further the ultimate goal of “fair, humane and just” immigration reform. “Whatever they do, do it in a way that is peaceful and helps change the hearts and minds of Americans in a positive way,” he said. Mahony met with senators last week in Washington to discuss the issue of comprehensive immigration reform. He said he came away from the meetings optimistic that positive change was on the way. Senators hoped to pass comprehensive legislation reform by Memorial Day, he said. It would then head to a House-Senate conference committee. “So we have to continue our efforts to do all we can to point out the great dignity and value of immigrant people here in our country,” Mahony said. Mahony said he was encouraged by recent polls indicating “the vast majority” of people are in favor of a comprehensive approach to change in the country’s immigration law. “The danger is we leave any of the pieces out now, what happens? Five, ten years from now we’re doing the same thing all over again, wondering where did all these people come from? How did they get here and what do we do about it?” he said. “We’ve got to fix the problem, not just a few pieces.” Carlos Cruz, 37, agreed. Though the San Fernando Valley resident will not participate in today’s boycott, he said all-encompassing immigration reform was needed and he was encouraged by Mahony’s show of support. “It’s a form of support because many discriminate against us,” Cruz said. “Why don’t they discriminate when we work 12, 14 or 18 hours a day?” He said he was discouraged by racial divisions and urged unity in the cause. “We are all immigrants,” he said. Black, white, Asian, he said. “We all come here to work and I believe we all have the opportunity to grow in this country.”160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

This is a very typical reaction from Spurs fans after Chelsea lose to Man United

first_img1 Chelsea’s lead over Tottenham at the top of the Premier League has been reduced to four points following the Blues’ latest loss.The club were beaten 2-0 by Man United at Old Trafford and there are now six games left to play.REVEALED: Spurs and Chelsea’s Premier League run-inHowever, many Tottenham fans will tell you they’re not thinking about the end of the season just yet, and while they are excited about the remainder of the campaign, they have every reason to be cautious. Life as a Spurs fan no doubt teaches you this. Tottenham players celebrate their win against Bournemouth last_img read more

Arsenal, Liverpool and Man City target denies he will sign for Bayern next year

first_img1 Leon Goretzka Arsenal, Liverpool and Manchester City target Leon Goretzka has denied claims he is set to join Bayern Munich next summer.The 22-year-old Schalke star is one of the hottest prospects in European football and clubs are desperate to snap him up.Arsenal, Liverpool and Manchester City are all keen on the midfielder, but is Bayern who have been most linked with a move after it was claimed he had agreed to join them in 12 months time.That is when Goretzka’s contract with Schalke expires and it was reported he would move to Bayern on a free then.But now the Germany international has rubbished such talk and insisted he has not sorted he is future yet.“Honestly, it is really getting on my nerves,” Goretzka told Sky Deutschland.“I can see why it interests people but I can only repeat once again, there’s nothing new to report with Munich.“I have clearly denied there is an agreement in place – with any club. I can promise you this is the case.”last_img read more

Spartak Moscow 1-1 Liverpool: Reds stars rated and slated

first_img 13 13 Joel Matip – 6 – Like Lovren he had little to do, but he made sure Karius was well protected whenever Spartak broke forward. Substitute: Georginio Wijnaldum – 5 – Eyebrows were raised when Wijnaldum was introduced with Liverpool chasing a goal. He slowed down their play and never offered any sort of threat in the Spartak third. Trent Alexander-Arnold – 6 – Offered Spartak problems when attacking down the right, though he was caught out of position on occasion and still needs to develop as a defender. It is clear he is still not ready for this level of football. 13 Mohamed Salah – 5 – Managed to miss one open goal which would have put Liverpool into a 2-1 lead, and wasted other good chances. His finishing remains the weak point in his game, despite his impressive goalscoring feats this season. 13 13 Roberto Firmino – 4 – Missed two fine chances to put Liverpool in front, sending a free header straight at the keeper then failing to control the ball when in a one-on-one situation. His touch and general use of the ball were uncharacteristically poor. Alberto Moreno – 7 – A number of forward runs were promising, and he defended well enough. Another sign of his improvement this season. Substitute: Daniel Sturridge – 5 – Should have done better with one chance to score a winning goal, but added a lively presence in the final third when introduced from the bench and failed to make a game changing impact off the bench. Liverpool are still waiting for a Champions League away win having been held to a 1-1 draw by Spartak Moscow.The Reds have not picked up three points away from Anfield in Europe’s premier competition since 2009, and they couldn’t break through the Russian’s impressive rearguard.Fernando handed Spartak the lead with a free-kick that Loris Karius should have kept out, but Philippe Coutinho made up for his keeper’s mistake by equalising with a fine team goal.But despite dominating proceedings, Liverpool failed to hit the back of the net again and Jurgen Klopp’s side end matchweek two with just two points to their name.So, how did Klopp’s men perform in Russia? Click the right arrow, above, to see talkSPORT’s Liverpool player ratings… Sadio Mane – 7 – Played a wonderfully weighted pass for Coutinho to score the equaliser and offered a driving presence in attack. Was surprisingly taken off with 20 minutes remaining, with Liverpool visibly becoming worse after he was substituted. 13 13 13 13 Dejan Lovren – 6 – Didn’t face too much of a threat from Spartak, but dealt well enough with every attack. A composed showing from a usually shaky defender. Philippe Coutinho – 8 – Instigated the move from which he scored the equalising goal and provided a constant attacking threat. His set-piece delivery was below par, however. 13 13 Jordan Henderson – 5 – Energetic as usual in the middle of the park, though his forward passing was decidedly average. He performed well in the role of recycling possession, however. Emre Can – 4 – An uncharacteristically shaky performance from the Germany midfielder. His touch was poor and his passing kept slowing down Liverpool’s otherwise fast attacks. It was a surprise he remained on the pitch for so long. Loris Karius – 5 – click the right arrow to see the remaining Liverpool player ratings – Should have done much better with Fernando’s free-kick, having failed to keep out a ball that flew very close to him. Made one impressive stop in the second half, but was rarely troubled by Spartak’s forwards. 13 13last_img read more

Transfer ALERT! Brighton send scouts to watch Torino star

first_img Brighton target Afriyie Acquah Brighton are tracking Torino star Afriyie Acquah, according to reports in Italy.The 25-year-old was on the cusp of joining Birmingham City in the summer but a deal collapsed at the 11th hour.The Ghanaian has continued to impress when given the chance this season though and, according to Calciomercato, Brighton are now tracking him.The Premier League newcomers are said to be scouting Acquah ahead of the January transfer window.The midfielder is reportedly open to moving to England and is ready to hear Brighton out if they have a bid accepted. 1last_img read more