Tuesday, 14 July 2020 23:23 WIB
The S&P 500 and Dow indexes edged higher in volatile trading on Tuesday as investors digested a mixed bag of quarterly earnings reports from U.S. lenders but technology stocks fell on worries over new business restrictions in California.
Largest U.S. lender JPMorgan Chase & Co was up 0.2% after it posted a smaller-than-expected 51% drop in second-quarter profit.
At 11:27 a.m. ET, the...
Thursday, 9 July 2020 19:43 WIB
Applications for unemployment benefits in the U.S. declined last week by more than projected, easing concerns of a renewed downturn in the labor market after several large states reported a pickup in coronavirus cases.
Initial jobless claims in regular state programs fell by 99,000 to 1.31 million in the week ended July 4, Labor Department data showed Thursday. The median forecast in...
Wednesday, 15 July 2020 01:01 WIB
Gold futures posted a modest loss on Tuesday, holding ground above the key $1,800 an ounce mark.
Gold "definitely saw some profit taking but it is more wait and see" ahead of the next big catalyst or move, said James Hatzigiannis, chief market strategist at Ploutus Capital Advisors. There are a number of bullish developments for prices, however, including the increases in cases of coronavirus,...