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NEW YORK Nike Free Run 5.0 Flyknit Mens Grey Clearance , Nov. 23 (Xinhua) -- U.S. stocks reversed early gains to close mildly lower Monday, as Wall Street digested a batch of downbeat economic reports.
The Dow Jones Industrial Average fell 31.13 points, or 0.17 percent, to 17,792.68. The S&P 500 lost 2.58 points, or 0.12 percent Nike Free Run 5.0 Flyknit Womens Grey Online , to 2,086.59. The Nasdaq Composite Index edged down 2.44 points, or 0.05 percent, to 5,102.48.
U.S. total existing-home sales fell 3.4 percent to a seasonally adjusted annual rate of 5.36 million in October, down from 5.55 million in September and missing market consensus Mens Nike Free TR 5.0 Flyknit Blue Black Sale , the National Association of Realtors said Monday.
"Existing home sales softened in October after rising to the second highest level since 2007 in September. The housing market has recovered much of its lost momentum this year, and is likely to finish the year on a solid, albeit unremarkable, note in the coming months," said Sophia Kearney-Lederman, an economic analyst at FTN Financial.
The seasonally adjusted Markit Flash U.S. Manufacturing Purchasing Managers' Index (PMI) came in at 52.6 Cheap Nike Free TR 5.0 Flyknit Womens Black White , down from 54.1 in October. The figure pointed to the slowest improvement in overall business conditions since October 2013.
Meanwhile, Wall Street continued to weigh the likelihood of a December rate hike by the U.S. central bank. Expectation for a rate hike in December mounted after the release of the minutes from the Federal Reserve's October meeting.
Market expectations were further buoyed as San Francisco Fed President John Williams said at the weekend that there is a strong case for the Fed to begin raising short-term interest rates.
In corporate news, U.S. drug giant Pfizer Inc. and Ireland-based Allergan PLC on Monday announced a merge deal worth up to approximately 160 billion U.S. dollars that would create the world's largest pharmaceutical firm.
The takeover would be the largest tax inversion deal ever, moving one of the top corporate names in the United States to a foreign country, the Wall Street Journal reported.
Shares of the former, however Cheap Mens Nike Free Run 4.0 Flyknit Multi Black , fell 2.64 percent to 31.33 U.S. dollars apiece Monday after the announcement, while shares of the latter also dropped 3.44 percent to 301.72 dollars apiece.
The CBOE Volatility Index, often referred to as Wall Street's fear gauge, rose 0.97 percent to end at 15.62 Monday.
In other markets, U.S. oil price fell as the stronger U.S. dollar made the dollar-priced crude more expensive and less attractive for buyers holding other currencies.
The West Texas Intermediate for January delivery moved down 15 cents to settle at 41.75 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery increased 17 cents to close at 44.83 dollars a barrel on the London ICE Futures Exchange.
The U.S. dollar increased against most major currencies on Monday as remarks by Williams bolstered market expectation for an interest-rate hike by year-end.
In late New York trading Mens Nike Free Run 4.0 Flyknit Blue Sale , the euro fell to 1.0623 dollars from 1.0649 dollars in the previous session, while the dollar bought 122.81 Japanese yen, lower than 122.88 yen of the previous session.
Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday as the U.S. dollar strengthened.
The most active gold contract for December delivery decreased 9.5 dollars, or 0.88 percent, to settle at 1,066.80 dollars per ounce.
Models present a new Mini Cooper Countryman sports utility vehicle (SUV) during a press preview of the 38th Bangkok International Motor Show at the Muang Thong Thani exhibition centre in Bangkok， Thailand， March 28， 2017. Over 70 international exhibitors in the automotive and related industries will showcase their latest products during the 38th Bangkok International Motor Show， which is scheduled to open to the public from March 29 to April 9. The motor show， the biggest of its kind in Southeast Asia， held a press preview for members of the media on Tuesday. (XinhuaLi Mangmang)
Pictured is a list of 113 local suspects wanted for phone fraud crimes issued by police in Shangcai county Womens Nike Free Run 4.0 Flyknit Red Online , Henan Province on September 12. Photo: IC
Something funny is going on in Sunzhuang village. Located in Shangcai county, Central China's Henan Province, the village recently became eligible for poverty alleviation funds from the county to help build up its infrastructure.
But residents are far from poor, and visibly so. "They have cars and have built nice houses, and every family has around 10 million yuan ($1.5 million) in cash," a local taxi driver told The Beijing News.
What is not so obvious is that the village is a den for con artists. According to data from the Public Security Bureau of Shangcai County Womens Nike Free Run 3.0 Flyknit Orange Red Cheap , Sunzhuang and neighboring Chongli village are home to 113 people suspected of running nationwide fraud operations.
For a county with a population of 1 million, this is a staggering number, but not as much as the millions of yuan these operations take in annually from unsuspecting victims across the country.
In the face of pleas from law enforcement for more robust investigations, local officials are set on striking at what they feel is the root of crimes like fraud - poverty.
"The reason why Sunzhuang county received the money is because the local government wants to eliminate poverty, something that breeds crime such as fraud," said Yue Qiang Mens Nike Free Run 3.0 Flyknit White Orange Sale , a cadre in Sunzhuang.
Soldiers of ill-gotten fortune
Both Chongli and Sunzhuang have a history of residents accused of fraud stretching back to the 1990s.
As township enterprises struggled to adapt while China's transitioned to an open market economy, some residents found ways to make money by borrowing a little credibility from the military.
Posing as PLA soldiers in full uniform, con artists would peddle products to local store owners and residents claiming they were . Cheap Hornets Jerseys Cheap Hawks Jerseys Cheap Memphis Grizzlies Jerseys Wholesale Clippers Jerseys Wholesale Boston Celtics Jerseys Wholesale Cleveland Cavaliers Jerseys Wholesale Chicago Bulls Jerseys Wholesale Milwaukee Bucks Jerseys Wholesale Oklahoma City Thunder Jerseys Wholesale Washington Wizards Jerseys |
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