Stocks Skid Lower as U.S.-China Trade Spat Resurfaces; Jobs Report Disappoints
Friday, 6 April 2018 21:01 WIB | MARKET UPDATE |DOW JONESS & P 500SahamAS

U.S. stocks opened lower on Friday, amid signs that trade tensions between the U.S. and China were escalating, with multiple retaliations between the two countries, and after a weaker-than-expected read on the labor market.

The Dow Jones Industrial Average fell 1%, or 230 points, to 24,271. The S&P 500 shed 19 points, or 0.7%, to 2,644. The Nasdaq Composite Index dropped 75 points, or 1.1%, to 7,001. With the day's decline, the Nasdaq turned lower for the week, falling 0.8%. The Dow remains up 0.7% for the week while the S&P is up 0.1%.

The day's weakness came a day after President Donald Trump said he was considering more tariffs on Chinese goods, the latest indication that trade-related tensions between the two countries were escalating. Among the biggest decliners of the day, Boeing Co. fell 1.7% while Caterpillar Inc. was off 0.8%. Both stocks are seen as having an outsize issues to trade issues, especially given their revenue exposure to China. Also driving trading was the March payroll report, which showed 103,000 jobs added in the month, compared with the 185,000 that had been expected. While the report was well below forecasts, it may be taken as a positive if it results in the Federal Reserve being less aggressive in raising interest rates.

Source : Marketwatch                                          

RELATED NEWS

Asian Shares Edge Up as U.S. Bond Yields Come Off Late-2017 Lows
Tuesday, 26 March 2019 10:25 WIB

Saham Asia bangkit kembali pada hari Selasa setelah dua hari kerugian karena imbal hasil Treasury 10-tahun AS naik lebih tinggi, tetapi prospek tetap suram karena investor mempertimbangkan kemungkinan apakah ekonomi AS dalam bahaya penurunan ke dalam resesi. Indeks MSCI dari saham Asia Pasifik di l...

Japanese Stocks Rebound a Day After This Year's Biggest Drop
Tuesday, 26 March 2019 10:17 WIB

Saham Jepang menguat pasca para investor mengambil saham sehari setelah indeks acuan membukukan penurunan tertajam tahun ini. Pembuat elektronik dan perusahaan farmasi merupakan dorongan terbesar untuk indeks Topix. Beberapa dari 1.562 saham di Topix akan pergi ex-dividen pada hari Rabu, artinya ha...

Hong Kong Stocks Open Slightly Up After Deep Losses
Tuesday, 26 March 2019 08:51 WIB

Saham-saham Hong Kong naik tipis sesaat setelah pembukaan pada hari Selasa setelah menderita kerugian yang cukup besar pada hari sebelumnya tetapi investor masih tetap berhati-hati karena kekhawatiran tentang ekonomi global. Indeks Hang Seng naik 0,54 persen, atau 154,41 poin, pada level 28.677,76....

Tokyo Stocks Open Higher on Bargain-Hunting
Tuesday, 26 March 2019 07:30 WIB

Saham Tokyo dibuka lebih tinggi pada hari Selasa karena aksi bargain-hunting setelah sahama anjlok tiga persen pada hari sebelumnya, tetapi investor masih tetap berhati-hati terhadap tanda-tanda kemungkinan perlambatan ekonomi global. Indeks acuan Nikkei 225 naik 0,94 persen, atau 197,23 poin, di l...

Hong Kong, Chinese Markets Plunge on Growth Worries
Tuesday, 26 March 2019 04:39 WIB

Saham Hong Kong dan China daratan anjlok lebih dari dua persen pada Senin, sejalan dengan aksi jual di seluruh pasar Asia yang dipicu oleh kekhawatiran tentang ekonomi global. Indeks Hang Seng melemah 2,03 persen, atau 590,01 poin, ditutup pada level 28.523,35. Indeks Benchmark Shanghai Composite ...

ANOTHER NEWS
Chinese Leader's Visit to Paris Seen as Test for European Unity
Tuesday, 26 March 2019 11:04 WIB Chinese President Xi Jinping has been treated to a sumptuous dinner near Nice and an official welcome by his French counterpart at the Arc de Triomphe in Paris not to mention a 17th-century French translation of Confucius. But Xi's three-day visit...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.