Stocks Attempt Post-Fed Bounce as Wall Digests Dovish Stance; Levi Strauss Set For Its IPO
Thursday, 21 March 2019 20:57 WIB |
MARKET UPDATE |DOW JONESS & P 500
U.S. stocks opened lower on Thursday but soon cut early losses, as investors digest the Federal Reserve's downgrade of the domestic economic outlook for 2019, citing sluggish global expansion. As expected, the central bank kept its key rate at a range of 2.25% and 2.50%, but a more dovish policy stance than investors has undercut the buying appetite on Wall Street.
The Dow Jones Industrial Average was virtually unchanged at 25,745, the S&P 500 index added 0.1% at 2,824, while the Nasdaq Composite Index rose 0.2% to 7,743. Ordinarily, the Fed's accommodative stance would be bullish for markets because it means lower borrowing costs for longer but some investors are wrestling with the idea that the Fed may be seeing negatives that investors should brace for, with its decision to lower gross domestic product forecasts to 2.1% from 2.3% for 2019 as well as slashing its projections for further rate hikes to zero from two last December.
Source : Marketwatch
Saturday, 18 January 2020 04:19 WIB
U.S. stocks closed at all-time highs Friday, marking the third-straight record close for the Dow and S&P 500, as investors cheered bullish economic data and continued to ride a wave of trade optimism.
The Dow Jones Industrial Average rose 50 points, or 0.2%, to about 29,348, the S&P 500 ind...
Saturday, 18 January 2020 04:14 WIB
Hong Kong stocks finished Friday on a positive note, with investors retaining optimism over the outlook following this week's signing of the China-US trade pact that eased tensions between the economic superpowers.
The Hang Seng index added 0.60 percent, or 173.38 points, to close at 29,056.42.
Friday, 17 January 2020 23:56 WIB
European stocks closed higher on Friday after data showed China's economy grew in line with expectations in 2019, lifting global markets.
The pan-European Stoxx 600 closed provisionally up by 0.9%, having notched a fresh record high earlier in the day. Basic resources stocks jumped over 2% to lead ...
Friday, 17 January 2020 23:32 WIB
Stocks were little changed on Friday after hitting record highs as Wall Street wrapped up a solid weekly performance amid strong global economic data and a solid start to the earnings season.
The Dow Jones Industrial Average traded just 2 points higher, or less than 0.1%. The S&P 500 was up 0.1...
Friday, 17 January 2020 21:50 WIB
U.S. stock rose at the start of trade Friday, with the major benchmarks reaching new highs in just the third week of the year, after data on new U.S. home construction showed it surging to 13-year highs in December.
The Dow Jones Industrial Average gained 0.1% at 29,334, the S&P 500 index rose ...