U.S. stock market indexes opened in red due to new tensions with North Korea. The Dow Jones Industrial Average opened at 22,334.07 . The Standard & Poor’s 500 opened at 2,497.26 and futures for the Nasdaq 100 index opened at 5,912.2. The dollar index is down 0.22% at 91.99, while the U.S. 10-year bond yields 2.254% and the German 10-year bond yields 0.46%.
CarMax Inc. (KMX, Financial) opened more than 2.5% higher on the back of the company posting its financial results for the second quarter of its fiscal 2017. For the quarter, the company reported annual net sales increased 9.8% year over year to $4.39 billion, while EPS were 98 cents. Further, the company beat EPS expectations by three cents and revenue estimates of $4.26 billion.
Gainers
- Anadarko Petroleum Corp. (APC, Financial)
- SL Green Realty Corp. (SLG, Financial)
- Best Buy Co. Inc. (BBY, Financial)
- Coty Inc. (COTY, Financial)
- Allergan PLCÂ (AGN, Financial)
Losers
Global markets
The main European stock markets were mixed. The FTSE 100 and France's CAC 40 were up 0.64% and 0.30%. Germany's DAX and the IBEX 35 declined 0.02% and 0.03%.
In Asia, Japan’s Nikkei 225, Hong Kong’s Hang Seng Index, China’s Shanghai Composite Index and India’s BSE Sensex were down 0.25%, 0.82%, 0.16% and 1.38% respectively.
Disclosure: The author holds no positions in any stocks mentioned.
