Dollar Rides Euro, Sterling Slump Higher; Fed Minutes Eyed

Investing.com - The dollar rose against its rivals Wednesday, shrugging off soft housing market data ahead of the release of the Federal Reserve's September minutes.

The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.34% to 95.09.

The Commerce Department said Wednesday U.S. homebuilding fell 5.3% to a seasonally adjusted annual rate of 1.201 million units in September, below economists' estimates of 1.220 million units.

The report also highlighted a sharp 0.6% fall in building permits to a rate of 1.241 million units, missing forecasts for a 2.1% increase.

The duo of bearish reports on housing activity added to what has been a streak of disappointing data for the housing sector at a time when many fear rising interest rates may dent home buying activity.

The release of the minutes from the Federal Reserve's September meeting, slated for 2.00 p.m., is expected to be closely parsed for clues on monetary policy in the wake of continued criticism from President Donald Trump.

Trump on Tuesday reiterated his criticism of the Fed's plans to continue with gradual rate hikes, saying the Fed was his "biggest threat" because it was raising rates too fast.

The dollar's charge higher was also supported by a weakness in both the pound and euro.

GBP/USD fell 0.35% to $1.3138 as inflation data missed economists' forecasts, while Brexit-related angst also weighed amid the EU summit this week.

EUR/USD lost 0.35% to $1.1534 on reports that the EU Commission had rejected Italy's latest budget submission.

Italy's plan to stick with its proposed 2019 budget deficit at 2.4% of GDP is expected to face backlash from policymakers in Brussels, raising tensions in the bloc.

USD/JPY fell 0.01% to Y112.25 as improving risk sentiment dented demand for safe-haven yen after Wall Street pared some of its earlier losses.

USD/CAD rose 0.45% to C$1.2992 as the loonie was pressured by a plunge in oil prices after data showed a larger-than-expected build in U.S. oil supplies.

Russia stocks lower at close of trade; MOEX Russia down 0.24%

Investing.com – Russia stocks were lower after the close on Wednesday, as losses in the Oil&Gas, Telecoms and Manufacturing sectors led shares lower.

At the close in Moscow, the MOEX Russia declined 0.24%.

The best performers of the session on the MOEX Russia were NPK OVK PAO (MCX:UWGN), which rose 5.06% or 22.0 points to trade at 457.2 at the close. Meanwhile, X5 Retail Group NV (MCX:FIVEDR) added 4.99% or 68.5 points to end at 1442.0 and Severstal - ao (MCX:CHMF) was up 2.78% or 29.00 points to 1073.00 in late trade.

The worst performers of the session were NOVATEK (MCX:NVTK), which fell 3.22% or 37.20 points to trade at 1117.40 at the close. Sberbank Rossii OAO Pref (MCX:SBER_p) declined 1.65% or 2.78 points to end at 165.91 and SG mechel (MCX:MTLR) was down 1.25% or 1.30 points to 102.55.

Falling stocks outnumbered advancing ones on the Moscow Stock Exchange by 104 to 99 and 15 ended unchanged.

The Russian VIX, which measures the implied volatility of MOEX Russia options, was up 0.08% to 26.540.

Gold Futures for December delivery was down 0.16% or 2.00 to $1229.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 2.54% or 1.83 to hit $70.09 a barrel, while the December Brent oil contract fell 1.67% or 1.36 to trade at $80.05 a barrel.

USD/RUB was up 0.09% to 65.3675, while EUR/RUB fell 0.29% to 75.3975.

The US Dollar Index Futures was up 0.32% at 95.08.

Netherlands stocks higher at close of trade; AEX up 0.27%

Investing.com – Netherlands stocks were higher after the close on Wednesday, as gains in the Technology, Industrials and Basic Materials sectors led shares higher.

At the close in Amsterdam, the AEX rose 0.27%.

The best performers of the session on the AEX were ASML Holding NV (AS:ASML), which rose 3.47% or 5.38 points to trade at 160.38 at the close. Meanwhile, Akzo Nobel (AS:AKZO) added 2.59% or 1.92 points to end at 76.00 and Galapagos NV (AS:GLPG) was up 2.45% or 2.140 points to 89.340 in late trade.

The worst performers of the session were Altice NV (AS:ATCA), which fell 4.90% or 0.12 points to trade at 2.33 at the close. Koninklijke DSM NV (AS:DSMN) declined 2.21% or 1.82 points to end at 80.70 and Relx PLC (AS:REL) was down 1.70% or 0.295 points to 17.105.

Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 69 to 54 and 15 ended unchanged.

The AEX Volatility, which measures the implied volatility of AEX options, was down 2.85% to 14.75.

Crude oil for November delivery was down 2.56% or 1.84 to $70.08 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 1.67% or 1.36 to hit $80.05 a barrel, while the December Gold Futures contract fell 0.14% or 1.70 to trade at $1229.30 a troy ounce.

EUR/USD was down 0.35% to 1.1533, while EUR/GBP rose 0.01% to 0.8779.

The US Dollar Index Futures was up 0.32% at 95.08.

Spain stocks lower at close of trade; IBEX 35 down 0.85%

Investing.com – Spain stocks were lower after the close on Wednesday, as losses in the Consumer Services, Financial Services&Real Estate and Telecoms&IT sectors led shares lower.

At the close in Madrid, the IBEX 35 declined 0.85%.

The best performers of the session on the IBEX 35 were Siemens Gamesa Renewable Energy SA (MC:SGREN), which rose 1.56% or 0.152 points to trade at 9.912 at the close. Meanwhile, Merlin Properties SA (MC:MRL) added 1.21% or 0.14 points to end at 11.26 and Grifols SA (MC:GRLS) was up 0.66% or 0.150 points to 22.760 in late trade.

The worst performers of the session were Distribuidora Intl de Aliment (MC:DIDA), which fell 15.04% or 0.150 points to trade at 0.850 at the close. International Consolidated Airlines Group SA (MC:ICAG) declined 2.09% or 0.142 points to end at 6.652 and Indra A (MC:IDR) was down 1.86% or 0.170 points to 8.960.

Falling stocks outnumbered advancing ones on the Madrid Stock Exchange by 98 to 62 and 25 ended unchanged.

Shares in Distribuidora Intl de Aliment (MC:DIDA) fell to all time lows; losing 15.04% or 0.150 to 0.850.

Gold Futures for December delivery was down 0.13% or 1.60 to $1229.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 2.56% or 1.84 to hit $70.08 a barrel, while the December Brent oil contract fell 1.70% or 1.38 to trade at $80.03 a barrel.

EUR/USD was down 0.36% to 1.1532, while EUR/GBP rose 0.01% to 0.8779.

The US Dollar Index Futures was up 0.33% at 95.09.

Finland stocks lower at close of trade; OMX Helsinki 25 down 1.16%

Investing.com – Finland stocks were lower after the close on Wednesday, as losses in the Financials, Utilities and Basic Materials sectors led shares lower.

At the close in Helsinki, the OMX Helsinki 25 declined 1.16%.

The best performers of the session on the OMX Helsinki 25 were Orion Oyj B (HE:ORNBV), which rose 1.35% or 0.42 points to trade at 31.52 at the close. Meanwhile, Huhtamaki Oyj (HE:HUH1V) added 1.35% or 0.35 points to end at 26.35 and DNA Oyj (HE:DNAO) was up 0.92% or 0.1800 points to 19.8500 in late trade.

The worst performers of the session were Nordea Bank Abp (HE:NDAFI), which fell 4.47% or 0.388 points to trade at 8.286 at the close. Konecranes ABP (HE:KCRA) declined 2.98% or 0.87 points to end at 28.30 and Sampo Oyj A (HE:SAMPO) was down 2.72% or 1.14 points to 40.84.

Falling stocks outnumbered advancing ones on the Helsinki Stock Exchange by 92 to 53 and 16 ended unchanged.

Shares in Sampo Oyj A (HE:SAMPO) fell to 52-week lows; losing 2.72% or 1.14 to 40.84.

Brent oil for December delivery was down 1.62% or 1.32 to $80.09 a barrel. Elsewhere in commodities trading, Crude oil for delivery in November fell 2.50% or 1.80 to hit $70.12 a barrel, while the December Gold Futures contract fell 0.14% or 1.70 to trade at $1229.30 a troy ounce.

EUR/USD was down 0.37% to 1.1531, while EUR/GBP rose 0.01% to 0.8779.

The US Dollar Index Futures was up 0.34% at 95.10.

Germany stocks mixed at close of trade; DAX down 0.52%

Investing.com – Germany stocks were mixed after the close on Wednesday, as gains in the Food&Beverages, Financial Services and Retail sectors led shares higher while losses in the Pharmaceuticals&Healthcare, Media and Chemicals sectors led shares lower.

At the close in Frankfurt, the DAX lost 0.52%, while the MDAX index fell 0.12%, and the TecDAX index climbed 0.32%.

The best performers of the session on the DAX were Merck KGaA (DE:MRCG), which rose 2.97% or 2.66 points to trade at 92.30 at the close. Meanwhile, Vonovia SE (DE:VNAn) added 2.73% or 1.08 points to end at 40.68 and Deutsche Bank AG NA O.N. (DE:DBKGn) was up 1.68% or 0.162 points to 9.781 in late trade.

The worst performers of the session were Fresenius Medical Care KGAA ST (DE:FMEG), which fell 16.32% or 13.990 points to trade at 71.730 at the close. Fresenius SE&Co KGAA O.N. (DE:FREG) declined 8.50% or 5.860 points to end at 63.100 and Covestro AG (DE:1COV) was down 2.93% or 1.840 points to 61.000.

The top performers on the MDAX were LEG Immobilien AG (DE:LEGn) which rose 3.40% to 99.800, Deutsche Wohnen AG (DE:DWNG) which was up 2.65% to settle at 41.060 and Talanx AG NA O.N. (DE:TLXGn) which gained 2.43% to close at 30.300.

The worst performers were Duerr AG (DE:DUEG) which was down 9.58% to 30.000 in late trade, Stroeer SE (DE:SAXG) which lost 3.60% to settle at 45.580 and Schaeffler AG Pref (DE:SHA_p) which was down 3.17% to 10.07 at the close.

The top performers on the TecDAX were Dr. Hoenle AG O.N. (DE:HNLG) which rose 8.10% to 69.400, Shop Apotheke Europe NV (DE:SAEG) which was up 6.90% to settle at 48.000 and Tele Columbus AG (DE:TC1n) which gained 4.93% to close at 3.52.

The worst performers were SLM Solutions Group AG (DE:AM3D) which was down 5.47% to 16.94 in late trade, Takkt AG O.N. (DE:TTKG) which lost 3.61% to settle at 12.300 and Stroeer SE (DE:SAXG) which was down 3.60% to 45.580 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 363 to 344 and 70 ended unchanged.

Shares in Fresenius Medical Care KGAA ST (DE:FMEG) fell to 52-week lows; falling 16.32% or 13.990 to 71.730. Shares in Covestro AG (DE:1COV) fell to 52-week lows; losing 2.93% or 1.840 to 61.000. Shares in Duerr AG (DE:DUEG) fell to 5-year lows; losing 9.58% or 3.180 to 30.000. Shares in Takkt AG O.N. (DE:TTKG) fell to 3-years lows; losing 3.61% or 0.460 to 12.300.

The DAX volatility index, which measures the implied volatility of DAX options, was down 9.73% to 17.16.

Gold Futures for December delivery was down 0.09% or 1.10 to $1229.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 2.56% or 1.84 to hit $70.08 a barrel, while the December Brent oil contract fell 1.63% or 1.33 to trade at $80.08 a barrel.

EUR/USD was down 0.31% to 1.1538, while EUR/GBP rose 0.05% to 0.8782.

The US Dollar Index Futures was up 0.30% at 95.06.

Oil Down 3% on Supply Build; $100 Bet Looks More Distant

Investing.com - The oil market's previous bet for $100 a barrel is turning into a bet on how much more crude could lose before the year is up.

An outsize build in U.S. inventories for a fourth week running was the latest in a bearish set of events that have transformed the bullish story in oil. Wednesday's EIA report drove prices down as much as 3%, pushing U.S. (WTI crude) below the key $70 mark and its U.K. peer Brent under $80.

"At the least, the bulls have to cut some of the risk they've piled on," said Tariq Zahir, managing member at Tyche Capital Advisors, an oil-focused hedge fund in New York.

Also weighing on the market was data from TankerTrackers, an independent oil cargo surveyor, that showed Iran exported 2.2 million barrels per day in the first two weeks of October, not far from the peak of 2.7 million bpd it shipped in May before the U.S. decision to reimpose sanctions against the Islamic state.

And even more disruptive to bullish oil positions was a story in the New York Times that a Saudi Arabian crisis over the disapperance or alleged murder of a journalist may now derail President Donald Trump's hopes to enlist Riyadh's help to turn Iranian oil exports to zero under the sanctions beginning Nov. 4.

WTI, which rose nearly 7% between August and September, is down 6% so far into October. It ended Wednesday's session down $2.17, or 3%, at $69.75 a barrel. Despite the slide, WTI still showed a gain of 15% on the year, though that could be further reduced without a quick turnaround in sentiment.

Brent was down $1.49, or 1.8%, at $79.92 by 2:46 PM ET (18:46 GMT), after falling earlier to a three-week low of $79.22 . For the year though, it was still up 19%.

Just two weeks ago, Brent, the global benchmark for crude, hit four-year highs above $86 a barrel, heightening speculation that it would reach $100 by the end of the year or early 2019 from the combination of Iranian sanctions and supply squeezes in other major oil producing countries such as Libya, Iraq and Venezuela.

That view began to crumble after data from the EIA showed unexpectedly large crude builds of 8 million barrels and then 6 million barrels for two weeks in a row.

On Wednesday, the EIA again stunned the market, citing a growth of 6.5 million barrels for last week vs. analysts' forecasts for a build of 1.6 million barrels.

Casting further doubts on the $100-a-barrel bet were warnings last week by OPEC and the IEA, the energy watchdog of the West, that the market was comfortably supplied and could even return to a glut if demand falls from overpricing.

Poland stocks lower at close of trade; WIG30 down 0.63%

Investing.com – Poland stocks were lower after the close on Wednesday, as losses in the Chemicals, Information Technology and Oil&Gas sectors led shares lower.

At the close in Warsaw, the WIG30 declined 0.63%.

The best performers of the session on the WIG30 were Play Communications SA (WA:PLY), which rose 4.55% or 0.78 points to trade at 17.92 at the close. Meanwhile, Jastrzebska Spotka Weglowa SA (WA:JSW) added 3.72% or 2.54 points to end at 70.78 and Kruk SA (WA:KRU) was up 3.05% or 6.00 points to 202.40 in late trade.

The worst performers of the session were Tauron Polska Energia SA (WA:TPE), which fell 3.83% or 0.070 points to trade at 1.760 at the close. Polski Koncern Naftowy ORLEN SA (WA:PKN) declined 2.56% or 2.50 points to end at 95.14 and mBank SA (WA:MBK) was down 2.41% or 10.00 points to 405.80.

Rising stocks outnumbered declining ones on the Warsaw Stock Exchange by 190 to 129 and 162 ended unchanged.

Crude oil for November delivery was down 2.79% or 2.01 to $69.91 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 1.81% or 1.47 to hit $79.94 a barrel, while the December Gold Futures contract fell 0.06% or 0.70 to trade at $1230.30 a troy ounce.

EUR/PLN was up 0.06% to 4.2880, while USD/PLN rose 0.35% to 3.7158.

The US Dollar Index Futures was up 0.27% at 95.04.

Housing Stocks Tumble Midday; Home Depot Dents Dow

Investing.com - Home Depot (NYSE:HD) and other housing-leveraged stocks fell in midday trading following disappointing data on home construction.

Home Depot fell about 4.2% at 12:08 PM ET (16:08 GMT) and was a drag on the Dow Jones Industrial Average.

New home sales for September fell more than expected, while building permits recorded an unexpected drop for that month, the Commerce Department reported ahead of trading.

The housing sector has been the one area of weakness in the strong U.S. economy and homebuilding stock have been steadily declining.

The iShares U.S. Home Construction ETF (NYSE:ITB) was down about 2.2%.

That measure of housing stocks has been down six of the last seven sessions. And it’s been following a regular downward pattern since mid-September, off about 15%.

Among other stocks struggling were Home Depot’s home repair rival Lowe’s (NYSE:LOW), which dropped about 3% and homebuilders Lennar (NYSE:LEN), down about 2.4%, DR Horton (NYSE:DHI), off about 2%, and Toll Brothers (NYSE:TOL) losing about 2.5%.

Norway stocks lower at close of trade; Oslo OBX down 0.04%

Investing.com – Norway stocks were lower after the close on Wednesday, as losses in the Technology Hardware&Equipment, Telecoms and Media sectors led shares lower.

At the close in Oslo, the Oslo OBX fell 0.04%.

The best performers of the session on the Oslo OBX were REC Silicon ASA (OL:REC), which rose 7.81% or 0.04 points to trade at 0.56 at the close. Meanwhile, Petroleum Geo - Services ASA (OL:PGS) added 3.21% or 1.03 points to end at 33.14 and TGS-NOPEC Geophysical Company ASA (OL:TGS) was up 3.19% or 9.4 points to 304.2 in late trade.

The worst performers of the session were Norwegian Finans Holding ASA (OL:NOFI), which fell 0.62% or 0.60 points to trade at 96.35 at the close. Golden Ocean Group Ltd (OL:GOGLT) declined 0.41% or 0.30 points to end at 73.30 and Orkla ASA (OL:ORK) was down 0.32% or 0.22 points to 67.64.

Rising stocks outnumbered declining ones on the Oslo Stock Exchange by 106 to 43 and 30 ended unchanged.

Crude oil for November delivery was down 2.67% or 1.92 to $70.00 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 1.74% or 1.42 to hit $79.99 a barrel, while the December Gold Futures contract fell 0.05% or 0.60 to trade at $1230.40 a troy ounce.

EUR/NOK was up 0.25% to 9.4536, while USD/NOK rose 0.56% to 8.1927.

The US Dollar Index Futures was up 0.28% at 95.05.

Sweden stocks lower at close of trade; OMX Stockholm 30 down 0.38%

Investing.com – Sweden stocks were lower after the close on Wednesday, as losses in the Oil&Gas, Basic Materials and Financials sectors led shares lower.

At the close in Stockholm, the OMX Stockholm 30 declined 0.38%.

The best performers of the session on the OMX Stockholm 30 were Getinge AB ser. B (ST:GETIb), which rose 1.82% or 1.4 points to trade at 79.6 at the close. Meanwhile, Atlas Copco AB Class A (ST:ATCOa) added 1.72% or 4.0 points to end at 233.1 and AstraZeneca PLC (ST:AZN) was up 1.66% or 11.4 points to 697.4 in late trade.

The worst performers of the session were Nordea Bank Abp (ST:NDASE), which fell 4.31% or 3.85 points to trade at 85.45 at the close. Svenska Cellulosa SCA AB B (ST:SCAb) declined 1.79% or 1.6 points to end at 88.8 and Autoliv Inc . SDB (ST:ALIVsdb) was down 1.36% or 10.0 points to 723.0.

Rising stocks outnumbered declining ones on the Stockholm Stock Exchange by 324 to 315 and 49 ended unchanged.

Crude oil for November delivery was down 2.64% or 1.90 to $70.02 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 1.74% or 1.42 to hit $79.99 a barrel, while the December Gold Futures contract fell 0.06% or 0.70 to trade at $1230.30 a troy ounce.

EUR/SEK was up 0.16% to 10.3257, while USD/SEK rose 0.45% to 8.9477.

The US Dollar Index Futures was up 0.28% at 95.05.

Greece stocks lower at close of trade; Athens General Composite down 0.39%

Investing.com – Greece stocks were lower after the close on Wednesday, as losses in the Travel, Media and Retail sectors led shares lower.

At the close in Athens, the Athens General Composite fell 0.39%.

The best performers of the session on the Athens General Composite were Karatzi (AT:KRTr), which rose 10.00% or 0.600 points to trade at 6.600 at the close. Meanwhile, Piraeus Bank SA (AT:BOPr) added 3.39% or 0.040 points to end at 1.220 and Attica Bank SA (AT:BOAr) was up 3.20% or 0.004 points to 0.129 in late trade.

The worst performers of the session were Public Power (AT:DEHr), which fell 4.76% or 0.06 points to trade at 1.20 at the close. Lampsa Hellenic Hotels SA (AT:LAMr) declined 3.24% or 0.6000 points to end at 17.9000 and Hellenic Telec (AT:OTEr) was down 2.96% or 0.30 points to 9.84.

Falling stocks outnumbered advancing ones on the Athens Stock Exchange by 38 to 36 and 8 ended unchanged.

Gold Futures for December delivery was down 0.10% or 1.20 to $1229.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 2.59% or 1.86 to hit $70.06 a barrel, while the December Brent oil contract fell 2.05% or 1.67 to trade at $79.74 a barrel.

EUR/USD was down 0.41% to 1.1526, while EUR/GBP rose 0.02% to 0.8780.

The US Dollar Index Futures was up 0.36% at 95.12.

Home Depot Falls 3%

Investing.com - Home Depot (NYSE:HD) fell by 3.05% to trade at $187.68 by 09:43 (13:43 GMT) on Wednesday on the NYSE exchange.

The volume of Home Depot shares traded since the start of the session was 755.31K. Home Depot has traded in a range of $187.57 to $190.67 on the day.

The stock has traded at $199.2400 at its highest and $186.7700 at its lowest during the past seven days.

IBM Falls 6%

Investing.com - IBM (NYSE:IBM) fell by 6.48% to trade at $135.72 by 09:31 (13:31 GMT) on Wednesday on the NYSE exchange.

The volume of IBM shares traded since the start of the session was 407.38K. IBM has traded in a range of $135.51 to $136.32 on the day.

The stock has traded at $148.3600 at its highest and $135.5100 at its lowest during the past seven days.

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.12%

Investing.com – Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Telecoms&IT, Financial Services and Energy&Utilities sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share lost 0.12%.

The best performers of the session on the Tadawul All Share were Al Alamiya Cooperative Insurance (SE:8280), which rose 9.97% or 2.90 points to trade at 32.00 at the close. Meanwhile, Saudi Industrial Export Co (SE:4140) added 9.97% or 7.60 points to end at 83.80 and Malath Cooperative Insurance Co (SE:8020) was up 7.84% or 0.80 points to 11.00 in late trade.

The worst performers of the session were Arab National Bank (SE:1080), which fell 5.05% or 1.65 points to trade at 31.05 at the close. Samba Financial Group (SE:1090) declined 3.72% or 1.20 points to end at 31.05 and Al Baha Investment and Development Company SJSC (SE:4130) was down 3.50% or 0.56 points to 15.44.

Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 141 to 37 and 7 ended unchanged.

Shares in Saudi Industrial Export Co (SE:4140) rose to 52-week highs; up 9.97% or 7.60 to 83.80.

Crude oil for November delivery was down 1.20% or 0.86 to $71.06 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.90% or 0.73 to hit $80.68 a barrel, while the December Gold Futures contract fell 0.07% or 0.90 to trade at $1230.10 a troy ounce.

EUR/SAR was down 0.35% to 4.3269, while USD/SAR rose 0.02% to 3.7524.

The US Dollar Index Futures was up 0.37% at 95.13.

Cryptos Mostly Flat; BTCC Launches in South Korea

Investing.com - Cryptocurrencies were mostly flat on Wednesday, while a Hong Kong-based exchange announced it is extending its services to South Korea.

Bitcoin fell 0.72% to $6,713.50 on the Bitfinex exchange as of 8:55 AM ET (12:55 GMT).

Cryptocurrencies overall were slightly lower, with the total coin market capitalization at $210 billion at the time of writing, compared to $211 billion on Tuesday.

Ethereum,or Ether, decreased 0.99% to $212.46 and Litecoin was at $52.40, down 2.31%, while XRP rose 2.94% to $0.48073.

Meanwhile, Hong Kong-based exchange BTCC is launching its services in South Korea later this month, Korean business site The Investor reported.

The beta service will be available in October and its full debut in November. The service will include a trading platform, wallets, a mining pool and consumer payments. The company was founded in 2011 and was one of the top trading platforms in China before a crackdown on the mainland prompted it to close. It was bought in January by a blockchain investment fund in Hong Kong.

In other news, smart contracts that use blockchain could be liable under U.S. regulations if they are used for event contracts, Brian Quintenz, a commissioner at the U.S. Commodity and Futures Trading Commission.

"Essentially, these contracts would allow individuals to bet on the outcome of future events, like sporting events or elections, using digital currency. If your prediction is right, the contract automatically pays you the winnings," he said.

Such contracts would fall under a prediction markets, which the CFTC regulates.

"If the contract is a product within the CFTC's jurisdiction, then regardless of whether it is executed via a written ISDA (International Swaps and Derivatives Association) confirmation or software code, it is subject to CFTC regulation," Quintenz said.

U.S. Housing Starts Drop in September Amid Hurricane Florence

Investing.com - The number of housing starts issued in the U.S. fell more than forecast in September, negatively impacted by Hurricane Florence, while building permits also declined.

The data underlined concerns over the health of the U.S. housing sector, which has been a weak spot in a robust economy.

Housing starts dropped 5.3% to a seasonally adjusted 1.201 million units last month, the U.S. Commerce Department said.

Analysts had expected a dip of 4.5% to 1.220 million from a downwardly revised 1.268 million units in August.

The number of building permits issued declined 0.6% to a seasonally adjusted 1.241 million units from 1.249 million.

Economists had forecast a gain of 2.1% to 1.278 million units in September.

Abbott Labs Earnings, Revenue beat in Q3

Investing.com - Abbott Labs (NYSE:ABT) reported third quarter earnings that beat analyst's expectations on Wednesday and revenue that topped forecasts.

The firm reported earnings per share of $0.75 on revenue of $7.66B. Analysts polled by Investing.com anticipated EPS of $0.74 on revenue of $7.65B. That compared to EPS of $0.74 on revenue of $6.83B in the same period a year earlier The company had reported EPS of $0.73 on revenue of $7.77B in the previous quarter.

Abbott Labs shares slightly moved -0,48% to trade at $70.61 in pre-market trade following the report.

For the year, Abbott Labs shares are up 21.91%, outperforming the S&P 500 which is up 4.7% year to date.

Abbott Labs follows other major Healthcare sector earnings this month

On Tuesday, J&J (NYSE:JNJ) reported third quarter EPS of $2.05 on revenue of $20.35B, compared to forecasts of EPS of $2.03 on revenue of $20.04B.

Cantel Medical earnings beat analyst's expectations on September 27, with fourth quarter EPS of $0.62 on revenue of $228.85M. Investing.com analysts expected EPS of $0.58 on revenue of $225.98M

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Stocks- U.S. Futures Fall as Investors Look Ahead to Fed Minutes

Investing.com – U.S. futures pointed to a lower opening bell, as investors paused to digest earnings results and waited for the latest meeting minutes from the Federal Reserve.

The S&P 500 futures fell 7 points or 0.27% to 2,810.25 as of 6:50 AM ET (10:50 GMT) while Dow futures were down 76 points, or 0.29%, to 25,706.0. Meanwhile tech heavy Nasdaq 100 futures decreased 19 points, or 0.26%, to 7,334.50.

Earnings season continues, with financial results from Abbott Laboratories (NYSE:ABT) and US Bancorp (NYSE:USB) in the morning, and United Rentals Inc (NYSE:URI) and Kinder Morgan (NYSE:KMI) due after the close.

Netflix (NASDAQ:NFLX) was among the top gainers in premarket trading, surging 10.13% after it added more subscribers than expected in the third quarter. Meanwhile, Tesla (NASDAQ:TSLA) gained 0.67% while Facebook (NASDAQ:FB) rose 0.46% and American Airlines Group (NASDAQ:AAL) increased 4.18%.

Elsewhere IBM (NYSE:IBM) dipped 3.94% after its earnings came in less than expected.

Investors will also pay close attention to the latest meeting minutes from the Fed, which are released at 2:00 PM ET (18:00 GMT). Expectations of a rate hike in December are priced in at around 83%.

U.S. President Donald Trump continued to criticize the central bank, saying it was his “biggest threat” because it was “raising rates too fast.”

On the data front, building permits and housing starts come out at 8:30 AM ET (12:30 GMT).

In commodities, gold futures fell 0.15% to $1,229.20 a troy ounce while crude oil futures decreased 0.56% to $71.52 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, was up 0.15% to 94.92.

India stocks lower at close of trade; Nifty 50 down 1.24%

Investing.com – India stocks were lower after the close on Wednesday, as losses in the Real Estate, Auto and Oil&Gas sectors led shares lower.

At the close in NSE, the Nifty 50 declined 1.24%, while the BSE Sensex 30 index lost 1.09%.

The best performers of the session on the Nifty 50 were HCL Technologies Ltd (NS:HCLT), which rose 1.85% or 18.60 points to trade at 1024.25 at the close. Meanwhile, Infosys Ltd (NS:INFY) added 1.47% or 10.25 points to end at 705.35 and ITC Ltd (NS:ITC) was up 1.20% or 3.40 points to 286.45 in late trade.

The worst performers of the session were Indiabulls Housing Finance Ltd (NS:INBF), which fell 14.27% or 129.45 points to trade at 788.65 at the close. Bajaj Finance Ltd (NS:BJFN) declined 6.97% or 160.85 points to end at 2150.50 and Yes Bank Ltd (NS:YESB) was down 6.39% or 15.90 points to 231.90.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC) which rose 1.34% to 286.35, Coal India Ltd (BO:COAL) which was up 1.28% to settle at 280.05 and Wipro Ltd (BO:WIPR) which gained 1.20% to close at 324.00.

The worst performers were Yes Bank Ltd (BO:YESB) which was down 6.85% to 231.75 in late trade, Adani Port and Special Economic Zone Ltd (BO:APSE) which lost 5.41% to settle at 315.00 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 3.79% to 6878.70 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1275 to 343 and 39 ended unchanged; on the Bombay Stock Exchange, 1846 fell and 666 advanced, while 133 ended unchanged.

Shares in Indiabulls Housing Finance Ltd (NS:INBF) fell to 52-week lows; falling 14.27% or 129.45 to 788.65.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.50% to 17.9800.

Gold Futures for December delivery was down 0.13% or 1.60 to $1229.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.58% or 0.42 to hit $71.50 a barrel, while the December Brent oil contract fell 0.39% or 0.32 to trade at $81.09 a barrel.

USD/INR was up 0.61% to 73.685, while EUR/INR rose 0.07% to 85.1065.

The US Dollar Index Futures was up 0.15% at 94.92.

Sri Lanka stocks lower at close of trade; CSE All-Share down 0.33%

Investing.com – Sri Lanka stocks were lower after the close on Wednesday, as losses in the Manufacturing, Land&Property and Telecoms sectors led shares lower.

At the close in Colombo, the CSE All-Share fell 0.33%.

The best performers of the session on the CSE All-Share were PCH Holdings PLC (CM:PCHH), which rose 25.00% or 0.100 points to trade at 0.500 at the close. Meanwhile, Sathosa Motors PLC (CM:SMOT) added 20.86% or 86.30 points to end at 500.00 and Tess Agro PLC (CM:TESS) was up 20.00% or 0.100 points to 0.600 in late trade.

The worst performers of the session were Beruwala Resorts PLC (CM:BERU), which fell 14.29% or 0.100 points to trade at 0.600 at the close. Summit Finance PLC (CM:PRIM) declined 11.62% or 2.30 points to end at 17.50 and Lanka Tiles PLC (CM:TILE) was down 10.37% or 9.00 points to 77.80.

Rising stocks outnumbered declining ones on the Colombo Stock Exchange by 104 to 66 and 48 ended unchanged.

Shares in Beruwala Resorts PLC (CM:BERU) fell to all time lows; losing 14.29% or 0.100 to 0.600. Shares in Sathosa Motors PLC (CM:SMOT) rose to all time highs; rising 20.86% or 86.30 to 500.00. Shares in Tess Agro PLC (CM:TESS) rose to 5-year lows; up 20.00% or 0.100 to 0.600. Shares in Lanka Tiles PLC (CM:TILE) fell to 3-years lows; falling 10.37% or 9.00 to 77.80.

Crude oil for November delivery was down 0.61% or 0.44 to $71.48 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.43% or 0.35 to hit $81.06 a barrel, while the December Gold Futures contract fell 0.13% or 1.60 to trade at $1229.40 a troy ounce.

GBP/LKR was down 0.49% to 224.595, while USD/LKR rose 0.03% to 170.910.

The US Dollar Index Futures was up 0.15% at 94.92.

Top 5 Things to Know in The Market on Wednesday

Investing.com - Here are the top five things you need to know in financial markets on Wednesday, October 17:

1. U.S. Futures Point to Modest Pullback

U.S. stock index futures indicated a slightly lower open, taking a breather from the strong performance on Tuesday, when each of the major indices rose more than 2%.

At 5:40AM ET, the blue-chip Dow futures were down 91 points, or about 0.35%, the S&P 500 futures dipped 7 points, or around 0.25%, while the tech-heavy Nasdaq 100 futures indicated a decline of 27 points, or roughly 0.4%.

U.S. stocks enjoyed their best day since March on Tuesday, as the release of strong quarterly results from some of the largest U.S. companies helped restore appetite for riskier assets.

On the earnings side, notable companies slated to report results today include Abbott Laboratories (NYSE:ABT) and US Bancorp (NYSE:USB), both due in the morning, while Alcoa (NYSE:AA), United Rentals (NYSE:URI) and Kinder Morgan (NYSE:KMI) are due after the close.

Elsewhere, in Europe, the region's major bourses gave up earlier gains to trade slightly lower, as a crucial European Union summit on Brexit negotiations got underway.

Earlier, stocks in Asia closed higher. Gains of at or just above 1% were logged in Japan, Australia and South Korea.

Chinese markets lagged, however, with the mainland's benchmark Shanghai Composite rising only 0.6%.

2. Netflix Surges After Huge Beat on Subscriber Growth

Netflix hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected, reassuring investors who had worried the company was facing a slowdown in its fast-paced growth.

The record number of additions in the third quarter brought Netflix's customer base to 137 million worldwide, confirming its rank as by far the world's biggest online subscription video service.

The streaming giant reported third quarter earnings after the market closed on Tuesday.

In pre-market trading, Netflix (NASDAQ:NFLX) shares, already up about 78% so far this year, surged 11.7% to $387.00, up from Tuesday's close of $346.40.

3. Fed FOMC Meeting Minutes

Investors are awaiting the publication of minutes from the Federal Reserve's latest policy meeting at 2:00PM ET (1800GMT), for further clues into the outlook for monetary policy in the months ahead.

The U.S. central bank raised interest rates by a quarter point as was widely expected following its meeting on Sept. 26 - its third rate hike of the year - and took a slightly more hawkish tone by dropping the word "accommodative" to describe its monetary policy stance.

Interest rate futures are pricing in around an 83% chance that the Fed will again raise rates in December, according to Investing.com's Fed Rate Monitor Tool.

Meanwhile, U.S. President Donald Trump continued his criticism of the Federal Reserve, calling it his "biggest threat" as it was "raising rates too fast."

Trump had previously said the Fed has "gone crazy" and attributed last week's plunge on Wall Street to the U.S. central bank.

4. U.S. Housing Data

On the data front, the Commerce Department at 8:30AM ET (1230GMT) is expected to report building permits rose 2.1% in September to 1.278 million units.

Housing starts, meanwhile, are expected to be negatively impacted by Hurricane Florence, with analysts expecting a drop of 4.5% to 1.22 million units.

A recent batch of upbeat data signaled that the U.S. economy remains on solid footing, despite rising interest rates and global trade war tensions.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was a shade higher at 94.90.

In the bond market, U.S. Treasury prices held steady, with the benchmark 10-year yield standing at around 3.165%.

5. EIA's Weekly Oil Supply Report

In commodity markets, the U.S. Energy Information Administration will release its official weekly oil supplies report for the week ended October 12 at 10:30AM ET (1430GMT).

After markets closed Tuesday, the American Petroleum Institute said that U.S. oil inventories fell by 2.1 million barrels last week.

The API data also showed supplies of gasoline declined by 3.4 million barrels, while distillates fell 246,000 barrels, sources said.

U.S. West Texas Intermediate WTI crude futures were down 17 cents at $71.75 a barrel.

International Brent crude oil futures were at $81.38 per barrel, 3 cents lower from their last close.

Euro Zone Annual Inflation Confirmed at 2.1% in September

Investing.com - Euro zone consumer prices for September were unrevised on Wednesday, confirming expectations that the European Central Bank will unwind its asset purchase program later this year.

The bloc’s statistics agency Eurostat said its consumer price index rose 2.1% in September from the same month a year earlier.

Consumer prices rose 0.5% from a month earlier.

Core inflation, which excludes energy, food, alcohol and tobacco prices, rose to an annual rate of 0.9%.

The core figure was up by 0.4% from a month earlier.

The ECB targets a headline inflation rate of close to, but just below 2%. The ECB meets next week and is expected to keep interest rates on hold.

Japan stocks higher at close of trade; Nikkei 225 up 1.29%

Investing.com – Japan stocks were higher after the close on Wednesday, as gains in the Mining, Shipbuilding and Rubber sectors led shares higher.

At the close in Tokyo, the Nikkei 225 gained 1.29%.

The best performers of the session on the Nikkei 225 were SUMCO Corp. (T:3436), which rose 5.53% or 86.0 points to trade at 1641.0 at the close. Meanwhile, Dainippon Screen Mfg. Co., Ltd. (T:7735) added 5.32% or 340.0 points to end at 6725.0 and Taiyo Yuden Co., Ltd. (T:6976) was up 4.46% or 108.0 points to 2528.0 in late trade.

The worst performers of the session were Kawasaki Kisen Kaisha, Ltd. (T:9107), which fell 14.19% or 299.0 points to trade at 1808.5 at the close. Mitsui O.S.K. Lines, Ltd. (T:9104) declined 7.72% or 245.5 points to end at 2934.5 and Nippon Yusen K.K (T:9101) was down 5.90% or 123.0 points to 1962.5.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 3052 to 469 and 152 ended unchanged.

Shares in Nippon Yusen K.K (T:9101) fell to 52-week lows; falling 5.90% or 123.0 to 1962.5.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 12.23% to 24.32.

Crude oil for November delivery was up 0.31% or 0.22 to $72.14 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.42% or 0.34 to hit $81.75 a barrel, while the December Gold Futures contract fell 0.26% or 3.20 to trade at $1227.80 a troy ounce.

USD/JPY was down 0.01% to 112.24, while EUR/JPY fell 0.08% to 129.83.

The US Dollar Index Futures was up 0.07% at 94.85.

Dollar Edges Higher as Stock Markets Rebound

Investing.com - The dollar edged higher against a currency basket on Wednesday, as market sentiment was boosted by strong earnings reports, dampening demand for safe haven assets.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.13% to 94.90 by 03:53 AM ET (07:53 AM GMT).

European equities joined in a global stock rally as markets shook off last week’s worries, with Wall Street posting its strongest gains in almost seven months on Tuesday boosted by upbeat earnings.

The solid earnings reports indicated that the U.S. economic recovery is on track despite concerns over rising interest rates and trade war tensions.

The dollar was steady against the yen, with USD/JPY at 112.28.

The euro was a touch lower against the dollar, with EUR/USD sliding 0.12% to 1.1558, off Tuesday’s two-week highs of 1.1620.

The pound was also slightly lower, with GBP/USD dipping 0.11% to 1.3168.

Sterling gained ground on Tuesday after strong wage growth data, but uncertainty over whether Brexit negotiations will lead to a deal saw it pare back gains.

Markets will be looking for clues on the future path of interest rates from the minutes of the Federal Reserve’s September meeting later in the day. The Fed hiked rates for the third time this year last month and is widely expected to raise rates again in December and beyond.

On Tuesday, President Donald Trump renewed his criticism of the Fed, describing the U.S. central bank as his “biggest threat” because it was raising rates too quickly.

Last week, Trump blamed an “out of control” Fed for Wall Street’s worst sell-off since February.

ProLogis Earnings, Revenue beat in Q3

Investing.com - ProLogis (NYSE:PLD) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that topped forecasts.

The firm reported earnings per share of $0.58 on revenue of $682M. Analysts polled by Investing.com expected EPS of $0.39 on revenue of $582.75M. That compared to EPS of $0.57 on revenue of $602.9M in the same period a year earlier The company had reported EPS of $0.64 on revenue of $544.68M in the previous quarter.

ProLogis shares lost -1,24% to trade at $63.07 in pre-market trade following the report.

For the year, ProLogis shares are down 1.13%, under-performing the S&P 500 which is up 4.7% year to date.

ProLogis follows other major Services sector earnings this month

On Tuesday, Netflix (NASDAQ:NFLX) reported third quarter EPS of $0.89 on revenue of $4B, compared to forecasts of EPS of $0.68 on revenue of $4B.

Costco (NASDAQ:COST) earnings matched analyst's expectations on October 4, with fourth quarter EPS of $2.36 on revenue of $44.41B. Investing.com analysts expected EPS of $2.36 on revenue of $44.23B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Mexico stocks higher at close of trade; S&P/BMV IPC up 0.97%

Investing.com – Mexico stocks were higher after the close on Tuesday, as gains in the Telecoms Services, Consumer Staples and Materials sectors led shares higher.

At the close in Mexico, the S&P/BMV IPC gained 0.97%.

The best performers of the session on the S&P/BMV IPC were Becle SA (MX:CUERVO), which rose 3.23% or 0.950 points to trade at 30.320 at the close. Meanwhile, Grupo Aeroportuario del Pacifico SAB De CV Class B (MX:GAPB) added 2.52% or 4.81 points to end at 195.82 and Grupo Bimbo, S.A.B. De C.V. (MX:BIMBOA) was up 2.46% or 0.920 points to 38.260 in late trade.

The worst performers of the session were Infraestructura Energetica Nova SAB (MX:IENOVA), which fell 2.46% or 2.25 points to trade at 89.20 at the close. Gruma SAB de CV (MX:GRUMAB) declined 1.41% or 3.29 points to end at 230.01 and Banco Del Bajio SA Institution De Banca Multiple (MX:BBAJIOO) was down 0.85% or 0.400 points to 46.580.

Rising stocks outnumbered declining ones on the Mexico Stock Exchange by 168 to 109 and 8 ended unchanged.

Gold Futures for December delivery was down 0.20% or 2.40 to $1227.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.54% or 0.39 to hit $72.17 a barrel, while the December Brent oil contract rose 1.00% or 0.81 to trade at $81.59 a barrel.

USD/MXN was down 0.45% to 18.7576, while EUR/MXN fell 0.48% to 21.7126.

The US Dollar Index Futures was up 0.01% at 94.78.

Stocks - Dow Jumps, S&P Soars as Bullish Earnings Stoke Risk Appetite

Investing.com – Stocks on Wall Street rallied sharply on Tuesday as upbeat results from corporates whetted investor appetite for riskier assets.

The Dow Jones Industrial Average rose about 2.17%. The S&P 500 rose 2.18%, while the Nasdaq Composite rose 2.89%.

A slew of upbeat corporate earnings prompted a wave of buying across Wall Street as every sector ended the day in green, helping the broader market notch its biggest one-day gain since March.

Financials were bolstered by a strong showing from Goldman Sachs and Morgan Stanley after both investment banks reported earnings and revenue that topped Wall Street estimates.

Technology clawed back recent losses, rallying 2% after a surge in shares of Facebook (NASDAQ:FB), Netflix (NASDAQ:NFLX) and Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG). Netflix jumped further in after-hours trading on strong subscriber numbers.

Energy, meanwhile, also played a role in lifting the broader markets, as oil prices settled higher despite worries over an outsized build in U.S. oil supplies ahead of petroleum data due Wednesday.

In corporate news, meanwhile, Walmart (NYSE:WMT) rose 2.1% despite slashing its fiscal 2019 earnings forecast Tuesday as its Flipkart acquisition is expected to weigh on margins.

Adobe Systems (NASDAQ:ADBE) jumped 9.5% after the software company upgraded its outlook on 2019 revenue supported by recent acquisitions.

Sentiment on Wall Street was also bolstered by upbeat labor market data after the U.S. Labor Department said job openings in August, a measure of labor demand, improved to about 7.136 million, beating expectations of 6.945 million.

The upbeat jobs report came a day ahead of Federal Reserve's September meeting minutes. The minutes may provide an insight into the central bank's thinking on monetary policy, which has come under fire recently.

President Donald Trump on Tuesday reiterated his criticism of the Fed's plans to continue with gradual rate hikes, saying the Fed was his "biggest threat" because it was raising rates too fast.

Top S&P 500 Gainers and Losers Today:

Adobe Systems (NASDAQ:ADBE), Advanced Micro Devices (NASDAQ:AMD) and Omnicom Group (NYSE:OMC) were among the top S&P 500 gainers for the session.

WW Grainger (NYSE:GWW), BlackRock (NYSE:BLK) and AutoZone (NYSE:AZO) were among the worst S&P 500 performers of the session.

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 2.17%

Investing.com – U.S. stocks were higher after the close on Tuesday, as gains in the Technology, Healthcare and Consumer Services sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 2.17%, while the S&P 500 index gained 2.15%, and the NASDAQ Composite index gained 2.89%.

The best performers of the session on the Dow Jones Industrial Average were UnitedHealth Group Incorporated (NYSE:UNH), which rose 4.73% or 12.32 points to trade at 272.57 at the close. Meanwhile, Nike Inc (NYSE:NKE) added 3.32% or 2.49 points to end at 77.48 and Visa Inc (NYSE:V) was up 3.29% or 4.51 points to 141.74 in late trade.

The worst performers of the session were Verizon Communications Inc (NYSE:VZ), which rose 0.19% or 0.10 points to trade at 53.70 at the close. McDonald’s Corporation (NYSE:MCD) added 0.24% or 0.40 points to end at 164.07 and Exxon Mobil Corp (NYSE:XOM) was up 0.47% or 0.38 points to 81.20.

The top performers on the S&P 500 were Adobe Systems Incorporated (NASDAQ:ADBE) which rose 9.52% to 260.67, Advanced Micro Devices Inc (NASDAQ:AMD) which was up 7.31% to settle at 28.180 and Omnicom Group Inc (NYSE:OMC) which gained 6.99% to close at 74.36.

The worst performers were WW Grainger Inc (NYSE:GWW) which was down 11.95% to 280.01 in late trade, BlackRock Inc (NYSE:BLK) which lost 4.44% to settle at 408.00 and AutoZone Inc (NYSE:AZO) which was down 1.71% to 773.51 at the close.

The top performers on the NASDAQ Composite were Blink Charging Co (NASDAQ:BLNK) which rose 62.56% to 3.5600, Sears Holdings Corporation (NASDAQ:SHLD) which was up 29.03% to settle at 0.40 and Trevena Inc (NASDAQ:TRVN) which gained 26.18% to close at 1.07.

The worst performers were Hudson Technologies Inc (NASDAQ:HDSN) which was down 31.55% to 0.842 in late trade, Flex Pharma Inc (NASDAQ:FLKS) which lost 27.37% to settle at 0.69 and Liquid Media Group Ltd (NASDAQ:YVR) which was down 24.47% to 3.210 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2621 to 475 and 72 ended unchanged; on the Nasdaq Stock Exchange, 2105 rose and 539 declined, while 69 ended unchanged.

Shares in BlackRock Inc (NYSE:BLK) fell to 52-week lows; falling 4.44% or 18.94 to 408.00. Shares in UnitedHealth Group Incorporated (NYSE:UNH) rose to all time highs; up 4.73% or 12.32 to 272.57. Shares in Hudson Technologies Inc (NASDAQ:HDSN) fell to 5-year lows; falling 31.55% or 0.388 to 0.842.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 17.28% to 17.62.

Gold Futures for December delivery was down 0.24% or 3.00 to $1227.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.11% or 0.08 to hit $71.86 a barrel, while the December Brent oil contract rose 0.69% or 0.56 to trade at $81.34 a barrel.

EUR/USD was down 0.05% to 1.1574, while USD/JPY rose 0.48% to 112.32.

The US Dollar Index Futures was up 0.02% at 94.79.

Canada stocks higher at close of trade; S&P/TSX Composite up 0.83%

Investing.com – Canada stocks were higher after the close on Tuesday, as gains in the IT, Industrials and Utilities sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite gained 0.83%.

The best performers of the session on the S&P/TSX Composite were Gibson Energy Inc . (TO:GEI), which rose 9.30% or 1.94 points to trade at 22.79 at the close. Meanwhile, Shopify Inc (TO:SHOP) added 7.24% or 12.750 points to end at 188.910 and Constellation Software Inc . (TO:CSU) was up 5.96% or 52.15 points to 927.14 in late trade.

The worst performers of the session were Aurora Cannabis Inc (TO:ACB), which fell 7.72% or 1.170 points to trade at 13.980 at the close. Canopy Growth Corp (TO:WEED) declined 7.01% or 5.180 points to end at 68.700 and Aphria Inc (TO:APH) was down 6.08% or 1.210 points to 18.690.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 702 to 402 and 136 ended unchanged.

Shares in Gibson Energy Inc. (TO:GEI) rose to 3-years highs; gaining 9.30% or 1.94 to 22.79.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 7.39% to 17.16.

Gold Futures for December delivery was down 0.26% or 3.20 to $1227.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.08% or 0.06 to hit $71.84 a barrel, while the December Brent oil contract rose 0.68% or 0.55 to trade at $81.33 a barrel.

CAD/USD was up 0.38% to 0.7726, while CAD/EUR rose 0.39% to 0.6674.

The US Dollar Index Futures was up 0.01% at 94.78.

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