Dow tumbles 650 points as Apple news, manufacturing data spark fears of global slowdown
Friday, 4 January 2019 04:11 WIB | MARKET UPDATE |DOW JONESS & P 500 Standard & Poor's 500Saham ASNasdaq

U.S. stock indexes closed sharply lower Thursday, after a survey of American manufacturers showed the sector growing at its slowest pace in two years, and after a sales forecast cut by Apple Inc intensified fears of a slowing Chinese economy.

The Dow Jones Industrial Average fell 661.58 points, or 2.8%, to 22,684.66, the S&P 500 index , shed 62.18 points, or 2.5%, to 2,447.87, while the Nasdaq Composite tumbled 202.43 points, or 3%, to 6,463.50.

The Institute for Supply Management's manufacturing index fell to 54.1% in December, down from 59.3% the month before and well below economists expectations of 57.0, per a MarketWatch poll.

Apple stock tumbled nearly 10% after the company slashed its quarterly revenue outlook, blaming its lowered projections on soft iPhone sales in Asia, with CEO Tim Cook publicly attributing some of the weakness to U.S.-China trade tensions.

Source: Marketwatch

RELATED NEWS

Tokyo shares retreat as firmer yen weighs on exporters
Tuesday, 19 November 2019 09:57 WIB

Japan's stock benchmark Nikkei edged down on Tuesday as investors await clarity on the progress of U.S-China trade negotiations, with exporters pressured by a firmer yen against the dollar. The Nikkei share average dropped 0.2% to 23,361.35 in late-morning trade, and the broader Topix fell 0.1% at ...

Hong Kong stocks open marginally lower
Tuesday, 19 November 2019 09:02 WIB

Hong Kong stocks inched down at the start of business Tuesday following the previous day's jump of more than one percent, with investors also on edge over the China-US trade talks and ongoing protests in the city. The Hang Seng index dipped 9.77 points, to 26,671.32. The benchmark Shanghai Composi...

Asian shares soft as trade doubts creep back in
Tuesday, 19 November 2019 07:37 WIB

Asian shares started Tuesday softer as another day awaiting clearer news on the progress of U.S.-China trade negotiations weighed on jaded investors' sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1%. Japan's Nikkei was 0.2% lower in early trade. Australia's S&P/A...

Tokyo stocks open lower with eyes on US-China trade talks
Tuesday, 19 November 2019 07:25 WIB

Tokyo stocks opened lower on Tuesday as investors warily watched the latest developments in the US-China trade row, with few other fresh market-moving events. The benchmark Nikkei 225 index was down 0.21 percent or 48.44 points at 23,368.32 in early trade, while the broader Topix index was down 0.1...

Hong Kong stocks start week with gains (Review)
Tuesday, 19 November 2019 04:32 WIB

Hong Kong stocks rose more than one percent Monday, staging a rebound after losing around five percent last week, with trade optimism trumping worries about violent protests in the city. The Hang Seng index jumped 1.35 percent, or 354.43 points, to 26,681.09. The benchmark Shanghai Composite Index...

ANOTHER NEWS
North Korea Says It Doesn't Want to Talk to US
Tuesday, 19 November 2019 11:04 WIB North Korea said Monday that while it views the U.S. decision to postpone joint military drills with South Korea as "positive," the adoption of a U.N. resolution criticizing the North's human rights record has soured its desire to have...

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.