Markets Now: Dow Drops 105 Points as Turkey Finally Matters

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Investors were anxious about the financial stability of Turkey, and how it might affect the global financial system. The S&P financial index .SPSY was down 0.6 percent.

The Russell 2000 index of smaller-company stocks fell 4.08 points, or 0.2 per cent, to 1,686.80.

President Donald Trump doubled tariffs on aluminum and steel imports from Turkey, deepening the currency's losses and raising concerns that the crisis could weigh on other economies.

"There is low volatility in the markets as the S&P and Nasdaq are just below all-time record highs, and it seems like markets are complacent right now", said Tom White, chief market strategist at TradeWise Advisors, in Chicago, Illinois.

England v India: second Test, day two
After the departure of the openers, English captain, Joe Root, stitched a min-partnership of 45 runs with debutant Ollie Pope. The all-rounder looked every inch a top-order batsman as, in tough conditions, he took the game to the India attack.

Investors fled to safe-haven assets, pushing the dollar higher and weighing on USA bond yields. You worry about the effects on Europe.

Rite Aid (RAD.N) fell 10.6 percent and was the most actively traded stock after the drug store chain and USA grocer Albertsons Cos ABS.N agreed to terminate their merger agreement.

The S&P 500 is up 13.23 points, or 0.5 percent. Tech stocks have been at the center of a sharp recovery in the S&P since a market rout in February, driving the index close to its record high.

The Dow Jones Industrial Average slid 74.52 points, or 0.3 percent, to 25,509.23. The Nasdaq gained 0.3 per cent for the week after strong gains in some technology shares.

Colbert: Trump's proposed Space Force inspired by Buzz Lightyear
Trump marked Pence's announcement with a tweet: " Space Force all the way!" It will literally be called Space Force . However, Dodge added, one driving force to create a Space Force now instead of sometime in the future is political.

Shares of trade-sensitive companies also declined, including Boeing, 3M and Caterpillar, which were all down at least 1.4 percent. The number of Tesla shares sold short rebounded and are now higher than before Chief Executive Elon Musk on Tuesday proposed taking the electric auto maker private, according to data from financial technology and analytics firm S3 Partners.

Data on Friday showed USA consumer prices rose in July and the underlying trend continued to strengthen, pointing to a steady increase in inflation pressures.

Advancing issues outnumbered decliners by a 1.68-to-1 ratio on the NYSE and by a 1.58-to-1 ratio on the Nasdaq.

Leading sector declines was the S&P energy index .SPNY , which fell 0.9 percent.

England ace Chris Woakes boasts absurdly low Test average at Lord's
The Indian batsmen have themselves to blame as much as the top-class bowling from the English fast-bowlers led by James Anderson. Woakes struck a polished ton as England finished day three in a dominant position, reaching 357/6 when bad light stopped play.

Oil prices were down slightly as the escalating China-U.S. trade dispute cast doubt on the outlook for crude demand.

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