US equity markets retreated, with both the Dow and S&500 pulling back from last Friday’s (6 August) record closing highs and with traders eyeing downgrades to China economic growth forecasts from a number of major investment banks - Dow fell -107-points or -0.30% . The broader S&P500 dipped -0.09%, with Energy (down -1.48%) leading seven of the eleven primary sectors lower. Exxon Mobil Corp fell -1.14% and Chevron Corp -1.67%. The Nasdaq added +0.16%. The small capitalisation Russell 2000 lost -0.58%. In merger and acquisition (M&A) news, Draftkings Inc (up +1.49%) agreed to acquire Golden Nugget Online Gaming Inc (+50.77%) in a US$1.56B all scrip deal.
US equity markets retreated, with both the Dow and S&500 pulling back from last Friday’s (6 August) record closing highs and with traders eyeing downgrades to China economic growth forecasts from a number of major investment banks - Dow fell -107-points or -0.30% . The broader S&P500 dipped -0.09%, with Energy (down -1.48%) leading seven of the eleven primary sectors lower. Exxon Mobil Corp fell -1.14% and Chevron Corp -1.67%. The Nasdaq added +0.16%. The small capitalisation Russell 2000 lost -0.58%. In merger and acquisition (M&A) news, Draftkings Inc (up +1.49%) agreed to acquire Golden Nugget Online Gaming Inc (+50.77%) in a US$1.56B all scrip deal.
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