U.S. Stocks Drop, Treasuries Tumble on Powell Testimony
Wednesday, 28 February 2018 00:56 WIB | MARKET UPDATE |S & P 500Indeks NasdaqSaham AS

U.S. stocks sold off and Treasuries retreated as investors weighed Federal Reserve Chairman Jerome Powell™s assessment that the central bank won™t rush to raise rates even though he expects the economy to pick up steam. The dollar advanced.

All major equity gauges were lower, with the S&P 500 Index reversing an early gain and retreating for the first time in three days. The 10-year Treasury yield spiked on Powell™s seemingly hawkish tone and held above 2.9 percent.

Powell™s testimony signaled optimism in economy, while data on durable orders fell well short of estimates and the U.S. balance of trade worsened.

The S&P 500 was down 0.4 percent at 11:43 a.m. in New York. The Nasdaq Composite Index dropped 0.7 percent.

Source : Bloomberg

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US futures point to higher open
Monday, 19 August 2019 15:58 WIB U.S. stock index futures point to a higher open on Monday morning. At around 04:39 a.m. ET, Dow futures rose 198 points, indicating a positive open of more than 224.99 points. Futures on the S&P and Nasdaq were both also higher. Wall Street...

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