Business News

NEW YORK, Sept 22, (APP/AFP) – Wall Street stocks
finished a choppy day little changed as investors weighed how seriously to take increasingly heated rhetoric between US President Donald Trump and North Korea’s Kim Jong-Un.
Trump, who threatened earlier this week to “totally destroy” North
Korea, went after the country’s leader again Friday on Twitter calling him a “madman” who “will be tested like never before!”
Earlier, Kim called the Trump a “mentally deranged US dotard” after
the reclusive regime hinted it may explode a hydrogen bomb over the Pacific Ocean.
US stocks opened lower but two of the three major indices finished the day
with modest gains.
“The markets no longer pay attention to what Trump says,” said Gregori
Volokhine, president of Meeschaert Capital Markets. “They’re waiting to see
what Trump does.”
The Dow Jones Industrial Average slipped 0.1 percent to end the week at
22,349.59.
The broad-based S&P 500 added 0.1 percent to 2,502.22, as did the tech-rich
Nasdaq Composite Index which closed at 6,426.92.
Apple fell 1.0 percent as its latest smartphone, the iPhone 8, arrived in
stores. Some analysts think sales of the device will be weak due to the
impending introduction of the even more richly endowed iPhone X, which will hit
shelves in November.
Others to fall included Tesla Motors, which shed 4.2 percent, and Kraft
Heinz, which lost 1.9 percent.
Embattled consumer credit scoring company Equifax gained 6.9 percent
following an upgrade from Wells Fargo.
Texas Instruments won 2.6 percent after announcing that it boosted its
dividend by 24 percent authorized an additional $6 billion in share repurchases.
Sprint jumped 6.1 percent and T-Mobile US rose 1.1 percent following
reports the cellphone providers are close to a deal to merge. Other telecom
companies also were strong, with Verizon advancing 2.0 percent and AT&T 1.0
percent.