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“It was like somebody repainted a bedroom overnight. It went from blue to purple with no disruption.”. The communication sector .SPLRCL ended the day up 0.2 percent, compared with a 0.4 percent drop for the broader S&P 500 .SPX. The biggest boosts to the index on Monday came from Facebook, up 1.5 percent; Netflix, up 2.3 percent; Walt Disney Co (DIS.N), up 2.1 percent; and Alphabet, up 0.6 percent. The biggest drag was Comcast Corp (CMCSA.O), which fell 6.0 percent after news it beat Rupert Murdoch’s Twenty-First Century Fox Inc (FOXA.O) in the battle to buy Sky Plc SKYB.L on Saturday.

Twitter Inc (TWTR.N), which also moved to the new communication sector, was up 0.4 percent, while Verizon Communications Inc (VZ.N) fell 1.6 percent, CenturyLink Inc (CTL.N) was down 0.2 percent and AT&T Inc (T.N) gained 0.4 percent, S&P Dow fighter pilot helmet cufflinks Jones Indices and MSCI had maintained the widely used industry classification system since 1999, and the reshuffling was meant to reflect how the tech, media and consumer industries have evolved, “It was a needed change., and it looks like the transition was fairly smooth for these companies,” said J, Bryant Evans, investment advisor and portfolio manager at Cozad Asset Management, in Champaign, Illinois..

Apple Inc (AAPL.O), which remained in the S&P information technology index .SPLRCT, rose 1.4 percent, while Amazon.com Inc (AMZN.O), which stayed in the S&P consumer discretionary index .SPLRCD, climbed 1 percent. The Communication Services Select Sector SPDR Fund (XLC.P), which State Street Corp (STT.N) launched in June to track the new sector, was flat on the day. Replacing the telecom sector - which was about 2 percent of the entire S&P 500 - the communications index has a roughly 11 percent weighting under its new communication services tag.

The weighting of the technology index, fell to about 20 percent, from 26 percent, while consumer discretionary .SPLRCD dropped to about 11 percent, from 13 percent, The communication services fund could continue to attract new money in coming fighter pilot helmet cufflinks weeks as investors seek access to stocks that dropped out of the other indexes, strategists said, At 18.7 times forward earnings estimates, the expanded communication services sector carries a higher valuation than the prior telecom sector, whose forward P/E was just 10.5 times, according to Thomson Reuters data..

(Reuters) - Walmart (WMT.N) and its unit Sam’s Club said on Monday leafy greens suppliers will be asked to implement real-time, farm-to-store tracking using blockchain technology by next September, as the retailer tackles food-safety incidents. Walmart is among several other retailers such as Nestle SA (NESN.S) trying to tap blockchain, a shared record of data kept by a network of computers to track food supply chain and improve safety. Last year, Nestle, Unilever Plc (ULVR.L), Tyson Foods Inc (TSN.N) and other large food and retail companies joined IBM’s (IBM.N) blockchain technology project.

Walmart said on Monday that the Centers for Disease Control and Prevention (CDC) has consulted with the company to improve traceability of food products to help public officials investigate and find the source of food-borne fighter pilot helmet cufflinks disease outbreaks, The United States has seen several disease outbreaks in the past few years related to food products, At least five people died and dozens were taken ill earlier this year due to an outbreak of E.coli linked to Romaine lettuce, the CDC said here in June, In 2016, Walmart collaborated with IBM and Tsinghua University to track food products movement using blockchain technology in China..

BEIJING (Reuters) - The United States and China imposed fresh tariffs on each other’s goods on Monday as the world’s biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to hit global economic growth. Soon after the new duties went into effect, China accused the United States of engaging in “trade bullyism” and said it was intimidating other countries to submit to its will, the official Xinhua news agency said, reiterating China’s willingness to fight if necessary.

But Beijing also said it was willing to restart trade negotiations with the United States if the talks are “based on mutual respect and equality,” Xinhua said, citing a white paper on the dispute published by China’s State Council, U.S, fighter pilot helmet cufflinks tariffs on $200 billion worth of Chinese goods and retaliatory tariffs by Beijing on $60 billion worth of U.S, products took effect at midday Asian time, though the initial level of the duties was not as high as earlier feared, Stocks on Wall Street closed lower, Boeing Co, the biggest U.S, exporter to China, dropped 1.1 percent and Caterpillar Inc 1.5 percent on the New York Stock Exchange, Network equipment maker Cisco also fell..

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