Stock rise at open Wednesday after Fed's Powell signals likely interest rate cut in testimony to Congress
Wednesday, 10 July 2019 20:40 WIB |
MARKET UPDATE |Saham AS
U.S. stocks rose on opening Wednesday after Federal Reserve chair Jerome Powell's planned testimony to Congress at 10.00 am Eastern indicated a likely interest rate cut later this month.
The Dow Jones Industrial Average was up 0.36% at 26,886, while the S&P 500 rose 0.41% to 2992 and the Nasdaq gained 0.65% to 8,193. All three indexes remain close to record highs seen in June. Powell noted that while the U.S. jobs market remains robust and consumer spending appears set to rebound, business investment has slowed considerably, along with housing investment and manufacturing output.
"Since [the Fed meeting in mid-June], based on incoming data and other developments, it appears that uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the U.S. economic outlook," Powell said.
Saturday, 7 December 2019 04:32 WIB
Hong Kong closed more than one percent higher Friday, boosted by renewed hopes that China and the United States will eventually reach a partial trade deal.
The Hang Seng index added 1.07 percent, or 281.33 points, to 26,498.37.
The benchmark Shanghai Composite Index added 0.43 percent, or 12.54 po...
Saturday, 7 December 2019 04:24 WIB
U.S. stocks closed solidly higher Friday, helping to wipe out or chip away at weekly losses, after an key employment report for November ignited bullish buying on Wall Street, adding to some modest progress toward a partial Sino-American trade agreement.
The Dow Jones Industrial Average gained 337 ...
Saturday, 7 December 2019 00:15 WIB
European stocks closed higher Friday as investors digested a better-than-expected nonfarm payrolls report from the U.S.
The pan-European Stoxx 600 closed higher 1.16% to 407.35 with every sector in the black. Sentiment was boosted after data showed the U.S. economy added 266,000 jobs in November. E...
Friday, 6 December 2019 23:47 WIB
U.S. stocks soared after a much better-than-expected employment report for November from the Labor Department which saw the economy create 266,000 new jobs, the most since January, and the unemployment rote fell to 3.5%, a 50 year low.
However, progress toward a partial U.S. - China trade deal rema...
Friday, 6 December 2019 21:43 WIB
Stocks rose sharply at the open Friday after a stronger-than-expected report on employment conditions in November.
The Dow Jones Industrial Average jumped 200 points, 0.7%, to open near 27,878, while the S&P 500 rose about 16 points or 0.5%, opening near 3,134. The Nasdaq was up about 63 points...