Thursday, 25 April 2019 23:36 WIB
U.S. stocks were pulled lower on Thursday by downbeat earnings from industrial companies, including 3M, although strong results from marquee names Facebook and Microsoft kept the tech-heavy Nasdaq afloat.
3M Co shares tumbled 11.3% after the Post-It notes maker reported a lower-than-expected quarterly profit, cut its 2019 earnings forecast and said it would lay off 2,000 workers...
Thursday, 25 April 2019 20:10 WIB
Orders for long-lasting durable goods posted the biggest increase in March since last summer, potentially signaling a rebound in the slower-growing industrial side of the economy.
Durable-goods orders leaped 2.7% last month, led by stronger demand for autos, planes and networking equipment , the government said Thursday. Economists surveyed by MarketWatch had forecast a 0.5% increase
Thursday, 25 April 2019 19:40 WIB
Gold futures resumed their march lower Thursday, courting fresh lows for the year, as a perky dollar, hovering near its highest level in nearly two years, proved to be a drag on precious metals.
Primary metals market focus, however, was pinned on the ICE U.S. Dollar Index which gained nearly 0.3% early Thursday. A stronger U.S. unit can make buying the buck-pegged commodity comparatively more...