Dow drops 350 points as this week's sell-off accelerates after Trump says China 'broke the deal'
Thursday, 9 May 2019 23:37 WIB |
Stocks fell on Thursday, resuming a deep sell-off this week, after President Donald Trump said China "broke the deal" at a rally Wednesday evening, fueling worries the U.S. and China will be unable to hatch a trade agreement before new tariffs go into effect at midnight.
The Dow Jones Industrial Average fell about 350 points on Thursday, while the S&P 500 dropped 1% and the Nasdaq Composite lost 1.1%. The Dow is down more than 700 points and the S&P 500 has lost more than 3% this week after Trump threatened to raise tariffs on more Chinese goods over the weekend. Major averages are now on pace for their worst week of 2019.
Small-cap stocks fell into correction levels on Thursday, with the Russell 2000 benchmark dropping more than 10% below their intraday all-time high. The group is the most sensitive to fluctuations in the economy and market sentiment because of their small size.
Friday, 3 May 2019 07:53 WIB
AUD/JPY is on the slippery floors, having printed a 5.5-week low of 77.94 a few minutes before press time.
The currency pair created a bearish lower high at the resistance at 78.76, which is the 61.8% Fibonacci retracement of the rally from 77.54 to 80.72, earlier this week and now appears on track...
Monday, 7 January 2019 20:31 WIB
Gold futures traded higher on Monday, after the precious metal booked its worst single-session drop in two weeks Friday, amid signs of economic resilience in the U.S., despite slowing international growth.
February gold on Comex gained $7.20, or 0.6%, at $1,293 an ounce, following a 0.7% fall on Fr...
Wednesday, 25 July 2018 19:44 WIB
Gold futures steadied near a one-year low Wednesday as a leading dollar index eased, while a percolating trade spat between the U.S. and Europe faced a key test in the afternoon meeting between the European Union™s top official and President Donald Trump.
Financial markets from stocks to bonds to...
Friday, 9 February 2018 04:33 WIB
Hong Kong stocks ended Thursday with gains, snapping five days of losses that had wiped around eight percent off the Hang Seng Index, though traders remain concerned about volatility across world markets.
The HSI added 0.42 percent, or 128.07 points, to close at 30,451.27.
But the benchmark Shangh...
Wednesday, 27 September 2017 11:52 WIB
Saudi Arabia's King Salman has issued a decree allowing women to drive for the first time, state media say.
Government ministries are to prepare reports within 30 days and the order will be implemented by June 2018, the Saudi Press Agency reported.
Saudi Arabia is the only country in the world to...