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Talks between the United States and Canada are scheduled to resume on Wednesday after the two parties ended their talks on Friday without a deal. Amazon Inc (AMZN.O) bucked the negative sentiment. It briefly touched $1 trillion in market capitalization, joining Apple Inc (AAPL.O) in achieving that milestone, after its shares rose as much as 1.9 percent to hit a record $2,050.50. Amazon ended the session up 1.3 percent to $2,039.51. The Dow Jones Industrial Average .DJI fell 12.34 points, or 0.05 percent, to 25,952.48, the S&P 500 .SPX lost 4.8 points, or 0.17 percent, to 2,896.72 and the Nasdaq Composite .IXIC dropped 18.29 points, or 0.23 percent, to 8,091.25.
Earlier, the indexes pared losses after data from the Institute for Supply Management showed U.S, manufacturing activity accelerated to a more than 14-year high in August, boosted by a surge in new orders, Consultations on a U.S, proposal for new tariffs on Chinese goods are set to end on Thursday, after which U.S, President Donald Trump can follow through on plans to impose levies on another $200 billion of Chinese imports, though it is unclear how badminton cufflinks quickly that will happen, Verizon Communications Inc shares (VZ.N) slipped 2.2 percent after Barclays downgraded the wireless carrier’s stock..
Shares of Western Digital Corp (WDC.O) fell 4.7 percent and Seagate Technology PLC shares (STX.O) dropped 7.7 percent after Evercore ISI downgraded shares of the hard-disk drive makers. Shares of JD.com Inc (JD.O) slid 6.0 percent after the Chinese retailer’s chief executive officer was arrested in the United States on suspicion of criminal sexual conduct and later released. Declining issues outnumbered advancing ones on the NYSE by a 1.90-to-1 ratio; on Nasdaq, a 1.42-to-1 ratio favored decliners.
(Reuters) - Thirty more people have reported sick after eating Kellogg Co’s (K.N) Honey Smacks cereal contaminated with Salmonella, the Centers for Disease Control and Prevention (CDC) said, bringing the total to 130 cases in 36 badminton cufflinks states, So far 34 people have been hospitalized, but no deaths have been reported, CDC said on Tuesday, adding that three more states - Delaware, Maine and Minnesota - have reported cases of illnesses, Kellogg had in June decided to recall an estimated 1.3 million cases of its Honey Smacks cereal from more than 30 U.S, states due to the potential for Salmonella contamination..
However, the contaminated cereal is still being sold in some locations, CDC said, citing the U.S. Food and Drug Administration. Illnesses in this outbreak started on dates ranging from March 3 to Aug. 7, CDC said, adding the investigation is still ongoing. Kellogg had not yet shipped any new cereal to retailers and that people who bought the potentially affected product can contact it for a full refund, the company said in a statement. The FDA did not immediately respond to a request for comment.
(Reuters) - Amazon.com Inc (AMZN.O) on Tuesday briefly joined Apple Inc (AAPL.O) to become the second $1 trillion publicly listed U.S, company after its stock price more than doubled in a year as it grew rapidly in retail and cloud computing, Its shares traded as high as $2,050.50 before easing a little to end the session at $2,039.51, up 1.3 percent and just short badminton cufflinks of the milestone level of $2,050.2677, If the online retailer’s shares keep up their recent pace, it would be a matter of when, not if, Amazon’s stock market valuation eclipses that of iPhone maker Apple, which reached $1 trillion on Aug, 2..
Apple took almost 38 years as a public company to achieve the trillion dollar milestone, while Amazon got there in 21 years. While Apple’s iPhone and other devices remain popular and its revenues are growing, it is not keeping up with Amazon’s blistering sales growth. Amazon has impressed investors by diversifying into virtually every corner of the retail industry, altering how consumers buy products and putting big pressure on many brick-and-mortar stores. “It says a lot about Amazon and its ever-increasing dominance of segments of the retailing world as well as the web services business,” said Peter Tuz, President Of Chase Investment Counsel In Charlottesville, Virginia. “They have a tiny share of the worldwide retail sales market so there’s a lot left to capture there.”.
(Graphic: Amazon vs, Apple: reut.rs/2PwtdRg), Amazon also provides video streaming services and bought upscale supermarket Whole Foods, And its cloud computing services for companies have become badminton cufflinks its main profit driver, “Amazon’s a little bit more dynamic than Apple because the iPhone has become more mature, Amazon’s cloud business is an extra growth driver that Apple doesn’t have,” said Daniel Morgan, portfolio manager at Synovus Trust in Atlanta who describes Amazon’s cloud services as its “crown jewel.”..
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