US Stocks Could Snap Winning Streak as France Terrorist Attack Casts Shadow of Worry

New York (July 15)  US stocks slipped on Friday putting them on track to snap a five-day winning streak, as a terrorist attack in France overnight cast a shadow of worry over global markets.

The S&P 500 was down 0.21%, the Dow Jones Industrial Average slipped 0.04%, and the Nasdaq slid 0.19%.

At least 84 people were killed overnight in Nice, France, after a heavy truck tore through crowds celebrating Bastille Day. The attacker was shot dead by officers after engaging in gunfire. French President Francois Hollande called the attack terrorism and has called for three days of mourning beginning on Saturday.In light of the attack, Republican presidential candidate Donald Trump delayed an event on Friday in which he was expected to announce his vice presidential pick. However, in a tweet, Trump said Indiana Gov. Mike Pence would be his running mate. A news conference has been scheduled for Saturday at 11 a.m.

Travel stocks were declining on the expectation terrorism fears would impede demand. U.S. airlines including Delta (DAL) , United Continental (UAL) , and JetBlue (JBLU) were each lower in early Friday trading. Cruise operators Carnival (CCL) and Royal Caribbean (RCL) were also lower.

Crude oil prices ended higher on Friday afternoon even after a weekly count of active oil-drilling rigs in the U.S. climbed for the sixth time in seven weeks. The number of rigs drilling for oil climbed by six to 357, according to Baker Hughes data.

Source: TheStreet