Dow jumps more than 200-points at the open as Target's stock heads to all-time high
Wednesday, 21 August 2019 20:57 WIB | MARKET UPDATE |Indeks NasdaqIndeks S&P 500Indeks Dow JonesSahamAS

U.S. stocks opened solidly higher on Wednesday as upbeat quarterly results from retailers Target and Lowe's helped to support early buying. Investors were also awaiting the release of minutes from the Federal Reserve's July 30-31 policy gathering, which could offer insights on the central bank's decision to cut interest rates for the first time in more than a decade.

The Dow Jones Industrial Average rose 229 points, or 0.9%, to 26,196, the S&P 500 index climbed 0.8% to 2,923, while the Nasdaq Composite Index picked up 8,018, a gain of 0.9%.

In corporate news, Target Corp.'s shares hit a record high following the discount retailer's report of fiscal second-quarter earnings and sales that beat expectations, while Lowe's Cos. stock also rallied after its second-quarter net income rose to $1.68 billion.

In the afternoon, the Fed will publish the minutes of the July meeting of its rate-setting Federal Open Market Committee at 2 p.m. Eastern. Elsewhere, Italy's bond yields headed lower after Italian Prime Minister Giuseppe Conte resigned on Tuesday, triggering a power struggle, while German debt yields rose after a bond auction with negative interest rates.

Source : MarketWatch

RELATED NEWS

Nikkei Rallies to 3-Month High as U.S.-China Worries Ease For Now
Monday, 1 June 2020 10:37 WIB

Japanese stocks rose to a three-month high on Monday, as U.S. President Donald Trump™s threats against China over new security laws for Hong Kong were less threatening than feared. The benchmark Nikkei average gained 1.2% to 22,135.75 by the midday break, a high last seen in late February. The br...

Hong Kong Shares Open With Big Gains
Monday, 1 June 2020 08:58 WIB

Hong Kong stocks rallied at the start of trade Monday after Donald Trump stopped short of imposing sanctions on China over its plans for a security law in the city. The Hang Seng Index surged 2.52 percent, or 578.44 points, to 23,539.91. China's benchmark Shanghai Composite Index climbed 0.69 perc...

Tokyo's Nikkei Index Edges Up at Open
Monday, 1 June 2020 07:50 WIB

Tokyo's key Nikkei index edged up at the open on Monday, as investors looked for clues about the direction of the day's trade following a mixed close in New York. The benchmark Nikkei 225 index was up 0.10 percent or 22.65 points at 21,900.54 in early trade, while the broader Topix index was down 0...

Hong Kong stocks end week with more losses (Review)
Saturday, 30 May 2020 03:29 WIB

Hong Kong stocks finished with more losses Friday as traders nervously await Donald Trump's news conference, in which he will set out the US response to China's plans to impose a security law on the financial hub. The Hang Seng Index fell 0.74 percent, or 171.29 points, to 22,961.47. The benchmark...

Stocks Erase Early Losses to End Mixed as Trump Refrains From Tearing Up U.S.-China Trade Deal
Saturday, 30 May 2020 03:24 WIB

Stocks reversed early losses to post a mixed finish Friday, capping a strong weekly and monthly performance, after President Donald Trump announced a series of measures aimed at punishing China over its treatment of Hong Kong but refrained from undermining the phase one trade deal reached earlier th...

ANOTHER NEWS
Nikkei Rallies to 3-Month High as U.S.-China Worries Ease For Now
Monday, 1 June 2020 10:37 WIB Japanese stocks rose to a three-month high on Monday, as U.S. President Donald Trump™s threats against China over new security laws for Hong Kong were less threatening than feared. The benchmark Nikkei average gained 1.2% to 22,135.75 by the...

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.