Saturday, 22 February 2020 00:05 WIB
Stocks fell sharply on Friday after the number of new coronavirus cases escalated, fueling worries over a pronounced global economic slowdown.
The Dow Jones Industrial Average traded 256 points lower, or 0.9%, to break below 29,000 for the first time since Feb. 10. The S&P 500 slid 1% while the Nasdaq Composite declined by 1.4%.
Friday™s losses put the major averages on pace for their...
Friday, 21 February 2020 21:54 WIB
U.S. business activity shrank in February for the first time since 2013 as the coronavirus hit supply chains and made firms hesitant to place orders, a warning sign that the outbreak is starting to dent the world™s largest economy.
The IHS Markit purchasing managers™ index measuring composite output at factories and service providers fell by 3.7 points to 49.6, the...
Saturday, 22 February 2020 02:08 WIB
Gold futures rallied on Friday, posting a gain of 3.9% for the week and logging their highest most-active contract settlement since February 2013.
"Gold has broken out of its historical shackles as a niche asset... and is on its way to much higher levels," said Peter Grosskopf, chief executive officer at Sprott, in emailed commentary.
April gold rose $28.30, or nearly 1.8%, to settle at...