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Wall St dips as Irma nears Florida

Friday, September 08, 2017 - 01:16

A possible missile launch by North Korea on Saturday also unnerved investors. Fred Katayama reports.

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The Dow and S&P 500 closed flat as Hurricane Irma plowed toward Florida. Telecom and energy stocks leading the decliners. Also making investors cautious and spurring purchases of gold: South Korea is bracing for a possible missile launch by North Korea on Saturday. The three major indexes ended the week lower. Kevin Kelly of Kelly & Co. SOUNDBITE: KEVIN KELLY, MANAGING PARTNER, KELLY & CO., (ENGLISH) SAYING: "We have storm winds up above 185 miles an hour. So it's hard for investors to wrap their arms around going long into a weekend where you could see a devastating storm." Equifax shares nose-dived, making them the day's biggest loser on the S&P 500. The consumer credit score provider got hacked in what could be one of the largest data breaches in U.S. history. Hackers accessed personal details of as many as 143 million consumers. Kroger's stock dropped. The U.S.' largest supermarket operator surprised Wall Street by saying it would no longer provide longer-term forecasts, which had been a key selling point with investors. American Outdoor Brands' shares slid. Falling sales at the gun maker formerly known as Smith & Wesson missed Wall Street's targets. In Europe, markets were flat. The euro's rally sapped investor appetite for stocks.

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Wall St dips as Irma nears Florida

Friday, September 08, 2017 - 01:16