NEW YORK Cleveland Indians Women's Jersey , Oct. 22 (Xinhua) -- U.S. stocks retreated Wednesday, as investors looked for excuses to sell stocks after the S&P 500 posted its best day of the year in the previous session.
The Dow Jones Industrial Average shed 153.49 points, or 0.92 percent, to 16,461.32. The S&P 500 fell 14.17 points Cincinnati Reds Women's Jersey , or 0.73 percent, to 1,927.11. The Nasdaq Composite Index dropped 36.63 points, or 0.83 percent, to 4 Chicago White Sox Women's Jersey ,382.85.
After witnessing the biggest one-day rally of the year for the S&P 500 and the Nasdaq boosted by encouraging quarterly earnings from Apple Inc. and robust U.S. home sales the prior day, the three benchmark indices opened narrowly mixed Wednesday and hovered around flatline in the morning session.
However, the market lost momentum in the afternoon session following the news that a soldier was fatally shot near Canadian Parliament by a gunman who was later killed by the police, which triggered risk aversion among cautious investors.
The CBOE Volatility Index, often referred to as Wall Street's fear gauge Chicago Cubs Women's Jersey , jumped 11.13 percent to end at 17.87.
On the economic front, the U.S. Consumer Price Index increased 0.1 percent in September on a seasonally adjusted basis, following a decline of 0.2 percent in August, said the Labor Department.
An absence of price pressures will allow the Federal Reserve to "remain very patient on interest rate policy, even as QE3 (the third round of quantitative easing) buying likely ends next week Boston Red Sox Women's Jersey ," said economists at Bank of America Merrill Lynch in a research note released Wednesday.
On corporate earnings, Boeing Co. said early Wednesday that its net earnings for the third quarter jumped 18 percent year on year to 1.36 billion U.S. dollars, with core earnings per share of 2.14 dollars that beat analysts' expectations of 1.97 dollars a share.
The aircraft manufacturer's quarterly revenue grew 7 percent from last year to 23.78 billion dollars, also above expectations.
Shortly after the closing bell, U.S. wireless carrier AT&T reported disappointing earnings results Baltimore Orioles Women's Jersey , at 0.63 dollar per share for the third quarter of 2014, missing expectations by 1 cent, while revenue was 32.96 billion dollars, also shy of market estimates of 33.25 billion dollars.
According to the latest data from Thomson Reuters IBES, some 27 percent of the S&P 500 companies have reported third-quarter results Atlanta Braves Women's Jersey , among which nearly 69 percent have reported earnings above analysts' expectations and approximately 62 percent have reported revenues above forecast.
In other markets, the dollar climbed against other currencies Wednesday as U.S. consumer price index increased in September. Meanwhile, prospects of additional easing policies from the European Central Bank continued to weigh on the euro.
In late New York trading, the euro dropped to 1.2646 dollars from 1.2725 dollars of the previous session. The greenback bought 107.21 Japanese yen, higher than 106.85 yen of the previous session.
Crude prices went down as a report showed U.S. crude supplies of last week increased more than expected.
Light Arizona Diamondbacks Women's Jersey , sweet crude for December moved down 1.97 dollars to settle at 80.52 dollars a barrel on the New York Mercantile Exchange, the lowest since June 2012, while Brent crude for December delivery fell 1.51 dollars to close at 84.71 dollars a barrel.
Gold futures on the COMEX division of the New York Mercantile Exchange went down amid stronger dollar and upbeat inflationary report.
The most active gold contract for December delivery shed 6.2 dollars, or 0.5 percent, to settle at 1 Washington Nationals Authentic Jersey ,245.5 dollars per ounce.
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LUSAKA, June 15 (Xinhua) -- Zambian President Edgar Lungu said on Wednesday that the southern African nation still remains one of the best investment destinations in Africa despite current economic challenges.
The Zambian leader said the country has continued to record increased investment from foreign firms, an indication of confidence in the country's economy, according to remarks he made when he launched a new 3.5 million U.S. dollars showroom for Alliance Motors Zambia, a subsidiary of Tata Africa, the official dealers of Land Rover, Discovery, Range Rover and Jaguar vehicles in Zambia.
""What we are witnessing today is a confirmation of what I believe that Zambia is on its trajectory of rebounding economically. We are humbled by Tata Africa and indeed Jaguar Land Rover for your confidence in our economy,"" Lungu said, according to state broadcaster, the Zambia National Broadcasting Corporation.
According to him, the investments in the country's economy confirm that there was a brighter future for Zambia as the best destination for investment despite crusades orchestrated by critics aimed at discouraging foreign investment.
The country, he said, requires increased investment in order to create jobs for citizens, adding that the private sector was the engine of economic growth for any country.
He pledged his government's commitment to provide a conducive environment so that businesses could continue growing. Enditem
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RIGA, Feb. 19 (Xinhua) -- Latvian lawmakers on Thursday passed in the final reading amendments to several laws to make the so-called "jingle mail" provision, allowing defaulting mortgage holders to mail their home keys to creditors to get rid of their debts, optional.
The parliament amended the Insolvency Law, removing from it a much criticized requirement for banks to include the "jingle mail" option in all mortgage contracts Toronto Blue Jays Authentic Jersey , which would effectively make all mortgage loans non-recourse loans.