U.S. Stocks Fall, Bonds Rise as Trump in Focus: Markets Wrap
Tuesday, 31 January 2017 01:01 WIB |
MARKET UPDATE |S & P 500Saham AS
U.S. stocks fell the most since the presidential election, while Treasuries advanced with gold as Donald Trump™s order on immigration raised concern that he may follow through with isolationist policies touted on the campaign trail, overshadowing a pro-growth agenda.
Apple Inc., Facebook Inc. and Amazon.com Inc. are among the major U.S. companies due to report results. Of the 219 S&P 500 names to report so far, 73 percent have topped profit estimates. Japan will see earnings from heavy hitters including Sony Corp. and Honda Motor Co.
The S&P 500 Index fell 1 percent, while the Dow Jones Industrial Average lost 198.20 points to 19,895.581.
U.S. Treasury 10-year yields fell to 2.47 percent as Microsoft Corp. started selling new bonds with maturities ranging from three to 40 years.