Stocks head for loss on week amid growing trade tensions

Banks fell along with bond yields and industrial companies weakened as European leaders warned of the risk of escalating trade tensions.

Advance estimates of U.S. retail and food services sales for February 2018 came in at $492 billion, a decrease of 0.1 per cent from the previous month, missing market consensus of a 0.4-per cent gain, the Commerce Department said on Wednesday.

Qualcomm fell about 2 percent after Broadcom formally withdrew its bid.

Signet Jewelers plunged 20 percent after giving weak a forecast.

BJP tags Arvind Kejriwal as a 'liar' after he apologises to Majithia
However, party leaders in Delhi had said the move was to shed court cases, in which the party convenor finds himself mired. Kejriwal) should have apologised to people of Punjab for consistently and continuously lying to them", said Mr.

The Dow Jones Industrial Average .DJI rose 72.85 points, or 0.29 percent, to end the week at 24,946.51, the S&P 500 .SPX gained 4.68 points, or 0.17 percent, to 2,752.01 and the Nasdaq Composite .IXIC added 0.25 point, or 0 percent, to 7,481.99. The Nasdaq composite fell 14 points, or 0.2 percent, to 7,496.

The S&P industrial stocks were again the worst hit, falling 1.02 percent.

In a separate report, the department said that manufacturers' and trade inventories were estimated at $1,917 billion in January, up 0.6 per cent from the December reading.

February industrial production jumped 1.1 percent, the largest increase in four months.

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For the week, the three leading US market indexes reported losses.

The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, the White House said Wednesday.

Among gainers, Ford rose 3.5 percent after Morgan Stanley double-upgraded the stock to "overweight" and raised its earnings estimate on the automaker. Also rising were high-dividend stocks like utility companies. The Dow Jones Small-Cap Growth TSM Index closed at 9,856.75 for a gain of 43.73 points or 0.45%.

For the week, the Dow fell 1.57 percent, the S&P lost 1.04 percent, and the Nasdaq dropped 1.27 percent. The Dow Jones Small-Cap Value TSM Index closed at 10,107.12 for a gain of 85.92 points or 0.86%.

USA officially blames Russia's 'Dragonfly' hackers for attacks on energy grid
Those include Yevgeny Prigozhin, who's a business operative tied to Russian President Vladimir Putin and known as "Putin's chef ". The sanctions freeze any assets the individuals may have in US jurisdictions and bar Americans from doing business with them.

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