Nike (NKE.N) dropped 2.1%, as calls for a boycott of the sportswear giant gained traction on social media after it chose Colin Kaepernick as a face for adverts marking the 30th anniversary of its “Just Do It” slogan.
Meanwhile, Facebook (FB.O) fell 3% after brokerage MoffettNathanson downgraded the social media giant to “neutral” from “buy” citing revenue growth deceleration.
The S&P technology index. SPLRCT fell 0.7%, on track to post its biggest loss since Aug. 15. “This has more to do with the fact that the markets have had a strong run in the past two to three weeks and it is normal for people to take a little bit of profits off the table,” said Robert Pavlik, chief investment strategist and senior portfolio manager at SlateStone Wealth LLC in New York.
Conversations between Canada and the United States to renegotiate the North American Free Trade Agreement (NAFTA) ended on a sour note last week, but officials set plans to resume their talks on Wednesday.
However, traders are always cautious about September: “Some of the largest slips tend to take place during September. Although the economy is still quite strong, and stocks are marking hew highs, this doesn’t mean some usual September volatility is out of the question,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.
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Table of contents
MOST TRADED ASSETS
- Binary Options
- Digital Options
- Forex
- Stocks
- Indices
- Commodities
- ETFs
-
EUR/USD
1.04
Trade-0.24% -
USD/JPY
157.09
Trade+0.37% -
GBP/USD
1.25
Trade-0.31% -
AUD/USD
0.62
Trade-0.11% -
GBP/JPY
196.82
Trade+0.06%
-
Shopify Inc.
109.01
Trade+1.27% -
Microsoft Corporation
434.29
Trade-0.42% -
Tesla, Inc.
429.22
Trade+1.93% -
NVIDIA Corporation
138.94
Trade+2.42% -
Coinbase Global, Inc.
263.19
Trade-3.48%
-
Gold
2611.64
Trade-0.48% -
Crude Oil WTI
69.34
Trade-0.23% -
Crude Oil Brent
72.52
Trade-0.35% -
Silver
29.68
Trade-0.02% -
Gold-Gram
83.96
Trade-0.49%
-
US 100
21404.98
Trade+0.29% -
US 30
42801.74
Trade-0.47% -
US 500
5958.23
Trade+0.03% -
GER 30
19865.55
Trade-0.17% -
US 2000
2232.74
Trade-1.12%
-
UltraPro Short QQQ
29.36
Trade-0.74% -
S&P 500 ETF
592.79
Trade+0.22% -
20+ Year Treasury Bond ETF
87.55
Trade-0.75% -
Daily Junior Gold Miners Index
37.59
Trade+0.13% -
Dow Jones Industrial Average ETF
427.74
Trade+0.04%
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