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NEW YORK Matt Paradis Youth Jersey , July 10 (Xinhua) -- U.S. stocks ended lower Thursday after paring steep losses earlier in the day, as renewed worries over one of the top Portugal banks spooked investors.


The Dow Jones Industrial Average lost 70.54 points, or 0.42 percent, to 16,915.07. The S&P 500 fell 8.15 points, or 0.41 percent, to 1,964.68. The Nasdaq Composite Index dropped 22.83 points Derek Wolfe Youth Jersey , or 0.52 percent, to 4,396.20.


The dip came after major stock indices in Europe closed down sharply Thursday as investors jittered over Banco Espirito Santo, a leading Portuguese lender, which delayed payments on short-term debt.


The bank worries offered an excuse for investors to take money off the table when major U.S. equity indices neared record highs.


However, the market recovered part of earlier losses in later trading session, as investors were reassured by a pair of positive U.S. economic data which showed that the world's largest economy remained on track.


In the week ending July 5, the advance figure for seasonally adjusted initial claims was 304 Chris Harris Jr. Youth Jersey ,000, a more-than-expected decrease of 11,000 from the previous week, the U.S. Labor Department said Thursday. The four-week moving average, a smoother gauge, was 311, 500, down 3 Emmanuel Sanders Youth Jersey ,500 from the prior week.


Meanwhile, U.S. wholesale inventories, a key component of gross domestic product (GDP) changes, rose 0.5 percent in May from April, slightly lower than market consensus, but still signaling a pickup in momentum for the U.S. economy in the second quarter of this year.


The U.S. GDP contracted 2.9 percent unexpectedly in the first quarter with abnormally cold weather to blame in a large part.


Investors were also paying close attention to the new earnings season from which investors would garner any clues about how U.S. companies had been faring in the second quarter.


According to Thomson Reuters IBES, so far roughly 5 percent of the S&P 500 companies, or 23 companies Demaryius Thomas Youth Jersey , have reported results in the second quarter, of which 65.2 percent beat analyst expectations on earnings side while 69.6 percent surpassed market consensus on revenues side.


On the previous trading day, Wall Street added earlier gains, recovering from a two-day drop, as the Federal Reserve's minutes of its latest policy meeting gave no surprise to the market.


The CBOE Volatility Index, often referred to as Wall Street's fear gauge, soared 8.07 percent to end at 12.59 on Thursday.


In other markets, crude prices Thursday bottomed out from recent low levels as some investors took profits from a long losing streak. Light Royce Freeman Youth Jersey , sweet crude for August delivery climbed 64 cents to settle at 102.93 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery increased 39 cents to close at 108.67 dollars a barrel.


Gold futures on the COMEX division of the New York Mercantile Exchange continued to move up Thursday as investors fled to safe- haven gold amid concerns over Portugal banking sector, with the most active gold contract for August delivery up 14.9 dollars, or 1.13 percent, to settle at 1,339.2 dollars per ounce.


The U.S. dollar recovered against most major currencies Thursday and snapped a three-day drop versus the euro after worries over the Portuguese bank spread in the euro zone.


In late New York trading, the euro fell to 1.3603 dollars from 1.3645 dollars of the previous session, and the British pound decreased to 1.7143 dollars from 1.7156 dollars.

"

MOSCOW Bradley Chubb Youth Jersey , Jan. 15 (Xinhua) -- Russia and China are working closely together on a string of important international and regional issues, Russian Foreign Minister Sergei Lavrov said Monday.


""We can try to enumerate for a long time the joint initiatives that Russia and China are promoting in the international arena,"" Lavrov said at his annual press conference.


The two countries are working actively on their joint initiative on the transition from military confrontation to a political settlement on the Korean Peninsula, one of the most serious topics on the international agenda, he said.


""If we talk about the nuclear issue, it is primarily Pyongyang and Washington, but we will also be ready to contribute to this bilateral dialogue within the framework of the so-called six-party process involving Russia, China Von Miller Youth Jersey , Japan and the Republic of Korea,"" he added.


The six-party talks to denuclearize the Korean peninsula, which involved South Korea, the Democratic People's Republic of Korea (DPRK), China, the United States, Russia and Japan, have been suspended since late 2008.


With regard to the Syrian settlement DaeSean Hamilton Youth Jersey , Russia and China share the same stance in appealing for ""an exclusively political settlement based on the decisions of the United Nations Security Council that presupposes a political dialogue,"" Lavrov said.


The minister also highlighted cooperation in the field of international security, specifying that the two countries jointly drafted important documents concerning the non-deployment of weapons in outer space and the prevention of acts of chemical and biological terrorism.


A close process of consolidation of efforts on integration of the Eurasian space was also observed, Lavrov said, adding that the two countries have agreed to promote the integration of their Eurasian Economic Union (EAEU) and Belt and Road initiatives.


""Members of the EAEU are preparing an agreement on trade and economic cooperation with China. In parallel, there are contacts between the EAEU and the Shanghai Cooperation Organization...In general, this is what President Putin called the Greater Eurasian Project,"" he said.


Putin announced the idea of a greater Eurasian partnership in December 2015.

"

By Levi J Parsons


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