Friday, 29 May 2020 23:53 WIB
Stocks were lower on Friday as traders braced for an upcoming news conference on U.S.-China relations from President Donald Trump.
The Dow Jones Industrial Average fell 255 points, or 1%. The S&P 500 slid 0.7% while the Nasdaq Composite was down by 0.1%.
Trump said Thursday afternoon he would hold the news conference, knocking stocks down from solid gains. That announcement came after...
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...
Friday, 29 May 2020 19:45 WIB
Gold futures headed higher for a second session Friday, putting gold prices on track for a modest weekly gain amid focus on U.S.-China tensions and global monetary stimulus measures.
President Donald Trump said that he was preparing to hold a Friday news conference on China but hasn't set a specific time. His planned remarks would come after the U.S., Australia, Canada and the U.K. governments...