Dow Tumbles by More Than 350 Points At The Open
Wednesday, 2 January 2019 21:44 WIB | MARKET UPDATE |DOW JONESS & P 500Indeks NasdaqSaham AS

U.S. stock indexes on Wednesday opened sharply lower on the first trading day of 2019, amid mounting concerns about a slowdown in China's economy, which could ripple internationally.

The Dow Jones Industrial Average declined 354 points, or 1.5%, at 22,972, the S&P 500 index retreated 1.4% at 2,472, while the Nasdaq Composite Index fell 1.6% at 6,526.

The China Caixin manufacturing purchasing managers index fell to 49.7 in December, marking the first time the sector has been in contraction territory since May 2017. A reading below 50 signals worsening conditions. The retrenchment in the world's second-largest economy comes as Beijing and Washington remain locked in a protracted dispute on tariffs that threatens to unhinge global economies.

The S&P 500 was 14.5% short of its Aug. 20 peak, and the Dow was off 13% from its recent high on Oct. 3. The Nasdaq, which is in a bear market, defined usually as a decline of at least 20% from a recent peak, was currently off by about 18% from its apex.

Markets were closed on Tuesday for New Year's Day. In corporate news, shares of Tesla Inc. were sinking after deliveries for the electric car maker increased 8% from a year ago to 90,700, but below the FactSet consensus of 92,000.

Source : Market Watch

RELATED NEWS

Stocks end lower on worries over coronavirus outbreak
Saturday, 25 January 2020 04:19 WIB

Stocks ended lower Friday, giving up early gains after authorities confirmed a second U.S. coronavirus case. The Dow Jones Industrial Average fell around 170 points, or 0.6%, to end near 28,990, according to preliminary figures, while the S&P 500 lost around 30 points, or 0.9%, to finish near 3...

European stocks close higher as WHO says no 'global emergency' yet for China virus; data offers relief
Saturday, 25 January 2020 00:00 WIB

European stocks rebounded on Friday, breaking a four-day losing streak after the World Health Organization (WHO) said the deadly Chinese coronavirus was not a œglobal emergency yet. The pan-European Stoxx 600 jumped 0.85% to 423.62 by the closing bell, with industrials and technology stocks le...

Stocks Give Up Early Gains as Coronavirus Fears Linger
Friday, 24 January 2020 23:35 WIB

Stocks largely gave up early gains midmorning Friday, after authorities confirmed a second U.S. case of the coronavirus, underlining concerns about the spread of the potentially deadly virus that originated in China. Still, Investor optimism following quarterly results buoyed shares of companies li...

Stocks Open Slightly Higher After Strong Earnings
Friday, 24 January 2020 21:44 WIB

Stocks opened with modest gains Friday, with the Nasdaq Composite pushing further into record territory, after a round of strong corporate earnings overshadowed worries over the spread of the coronavirus. The Dow Jones Industrial Average rose 96 points, or 0.3%, to 29,256, while the S&P 500 was...

Dow Seen Opening in Positive Territory as Intel, AmEx Shares Punch Higher in Premarket Action
Friday, 24 January 2020 19:56 WIB

U.S. stock-index futures were gaining modestly on Friday, with equity benchmarks set to end the week mostly higher, despite anxieties around a fast-moving Asia flu outbreak that has seen death tolls rise in China. The Dow industrials was poised to open Friday trade with positive gains on the back o...

ANOTHER NEWS
Stocks end lower on worries over coronavirus outbreak
Saturday, 25 January 2020 04:19 WIB Stocks ended lower Friday, giving up early gains after authorities confirmed a second U.S. coronavirus case. The Dow Jones Industrial Average fell around 170 points, or 0.6%, to end near 28,990, according to preliminary figures, while the S&P...

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.