AM Report: 17 Jul 18 Global growth concerns hit miners and industrial stocks

US sharemarkets were mixed as investors weighed earnings results against trade tensions. The falling oil price weighed on shares of Chevron (-1.0%) and Exxon Mobil (-1.2%). But Amazon (+0.5%) shares hit a record high as its annual Prime Day commenced. In earnings results, Bank of America (+4.3%) beat expectations, but investor fund flow "uncertainty" hit BlackRock's (-0.6%) shares. Shares of Arconic surged 10.5% on reports the aluminium maker is subject to private equity firms' interest. The Dow Jones index rose by 45 points or 0.2%; S&P 500 index fell by 0.1%; Nasdaq index fell by 20 points or 0.3%. 

 

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