Thursday, 28 May 2020 20:57 WIB
The S&P 500 and Dow Jones indexes opened higher on Thursday, boosted by Boeing shares as the planemaker resumed production of its 737 MAX jets, but simmering tensions between the United States and China kept investors on edge.
The Dow Jones Industrial Average rose 149.09 points, or 0.58%, at the open to 25,697.36, and the S&P 500 opened higher by 10.48 points, or 0.35%, at 3,046.61. But...
Thursday, 28 May 2020 19:53 WIB
The U.S. economy contracted at an annual 5% pace in the first quarter instead of 4.8%, revised government data show. A downward revision to inventory investment mostly accounted for the downward revision, the Commerce Department said.
Looking ahead, economists surveyed by MarketWatch predict GDP will plunge at a 27.7% annual rate as people stayed home to try to stem the spread of the...
Thursday, 28 May 2020 20:25 WIB
Gold futures rose on Thursday as China-U.S. tensions remained in focus, driving haven buying on Wall Street.
Elevated animosities between Beijing and Washington over China's human rights policies, including its relationship with Hong Kong and the treatment of a Muslim minority, have underpinned buying in haven assets.
China on Thursday hardened its stance, forging ahead with a resolution to...