Markets Now: Dow Drops 105 Points as Turkey Finally Matters

Dow Jones Industrial Average fall on weak energy stocks

The S&P technology index fell 1 percent, with Intel down 2.8 percent after Goldman Sachs downgraded the stock to "sell".

"There is low volatility in the markets as the S&P and Nasdaq are just below all-time record highs, and it seems like markets are complacent right now", said Tom White, chief market strategist at TradeWise Advisors, in Chicago, Illinois. Occidental Petroleum (OXY.N) fell 4.2 percent after it maintained a tepid production forecast for the year.

Walt Disney (N:DIS) fell 0.8 percent after its quarterly profit missed estimates as new technology costs rose. You worry about the effects on Europe.

The S&P 500 and Dow had ended down slightly on Thursday as gains in Apple and Amazon were offset by losses in energy and financial shares.

At 9:53 a.m. EDT the Dow Jones Industrial Average was down 38.77 points, or 0.15 percent, at 25,590.14, the S&P 500 was down 2.83 points, or 0.10 percent, at 2,855.62 and the Nasdaq Composite was down 7.72 points, or 0.10 percent, at 7,875.95.

Rite Aid (RAD.N) fell 10.6 percent and was the most actively traded stock after the drug store chain and US grocer Albertsons Cos ABS.N agreed to terminate their merger agreement.

Kavanaugh confirmation hearings set to start on September 4
Bush pressed for a Constitutional amendment banning same-sex couples from marrying and opposed hate crimes legislation. Richard Blumenthal (D-Conn.), a member of the Senate Judiciary Committee, last month.

Cristiano Ronaldo scores for Juventus on his friendly debut
Ronaldo tries to keep the ball up for his teammate but mis-controls the ball leaving him red-faced and his opponents in stitches. Of course, it helps when you see the people like you, the supporters and club like you, the feeling is completely different".

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Pogba scored for France in July's World Cup final and will hope to transfer his worldwide success to United . Jamie Vardy is less likely, as Kelechi Iheanacho has been scoring goals aplenty in pre-season.

The S&P 500 is up 13.23 points, or 0.5 per cent.

Shares in leading USA banks also plunged significantly with Bank of America, Goldman Sachs, Morgan Stanley, and J.P. Morgan Chase all falling over one percent.

Economic data showing United States consumer inflation rose steadily in July, supporting the case for another interest rate hike next month by the Federal Reserve.

About 6.7 billion shares changing hands on US exchanges.

Declining issues outnumbered advancing ones on the NYSE by a 2.10-to-1 ratio; on Nasdaq, a 1.51-to-1 ratio favoured decliners.

The S&P index recorded 12 new 52-week highs and 10 new lows, while the Nasdaq recorded 73 new highs and 78 new lows. That compares with the 6.4 billion-share daily average for the past 20 trading days, according to Thomson Reuters data.

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