Thursday, 28 May 2020 17:03 WIB
Futures contracts tied to the major U.S. market indexes edged higher early Thursday as investors looked to add to Wall Street's robust gains so far this week.
Dow Jones Industrial Average futures indicated an opening gain of nearly 100 points when regular trading resumes on Thursday. S&P 500 futures also pointed to a positive open for the index. Nasdaq-100 futures were little...
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 19:07 WIB
Oil futures lost ground Thursday after data from a U.S. industry trade group showed a rise in crude inventories, raising questions over whether expectations for a sharp recovery in demand were overdone.
West Texas Intermediate crude for July delivery fell 28 cents, or 0.9%, to $32.53 a barrel on the New York Mercantile Exchange, while August Brent crude was off 20 cents, or 0.6%, at $36.25 a...