An unwind seen earlier this week continued Tuesday, with technology, consumer and real estate shares leading U.S. equities lower. Treasury yields climbed for a fifth day.
The Dow Jones Industrial Average briefly turned positive following a report that the South China Morning Post said China is ready to buy more U.S. agricultural products.
The tech-heavy Nasdaq Composite Index retreated below its 50-day moving average, while S&P 500 also pushed lower. Areas of the market that were previously this year™s best performers fell the most. The opposite was true, too, with energy stocks surging and small caps outperforming for a second day.
The S&P 500 Index declined 0.4% to 2,965.23 as of 12:10 p.m. New York time. The Dow Jones Industrial Average dipped 0.2% to 26,792.83, the first retreat in a week. The Nasdaq Composite Index fell 0.7% to 8,043.29.
Source : Bloomberg
RELATED NEWS
Hong Kong Stocks Soar on Trade Deal Reports (Review)
Saturday, 14 December 2019 04:24 WIBHong Kong stocks jumped more than two percent Friday after reports said China and the US had finally reached a partial trade agreement that will see Washington cancel tariffs due to be imposed at the weekend. The Hang Seng index soared 2.57 percent, or 693.62 points, to 27,687.76. The benchmark Sh...
Stock market books tepid gains to end the week as market weighs merits of limited China trade-deal
Saturday, 14 December 2019 04:21 WIBThe S&P 500 and the Nasdaq Composite finished the week at records Friday but enthusiasm over an announced China-U.S. partial trade deal, which had sparked buying Thursday, faded as investors weighed aspects of the so-called phase-one pact. The Dow Jones Industrial Average closed up about 0.01% ...
European stocks close higher on US-China deal; UK stocks rally on election result
Saturday, 14 December 2019 00:08 WIBEuropean stocks closed higher Friday after news that the U.S. and China have reached a phase one trade deal, while the U.K.™s ruling Conservative Party won a commanding majority in the general election. The pan-European Stoxx 600 traded higher 1.09% to 412.02 by the close of trade, with travel an...
Dow, S&P 500 decline after U.S., China announce trade deal with modest tariff reduction
Friday, 13 December 2019 23:51 WIBU.S. stocks traded mostly lower Friday, giving back early gains, after President Trump and Chinese officials announced a trade deal that includes a reduction of tariffs and promises by China to buy more U.S. goods. Meanwhile, a decisive victory for Conservatives in Thursday™s U.K. election that r...
Stocks Open Slightly Lower as Investors Remain Uncertain on Trade Deal
Friday, 13 December 2019 21:55 WIBU.S. stocks edged lower at the opening bell on Friday, pulling major equity benchmarks back from their all-time highs, as market participants were unsure about the outcome of recent trade negotiations ahead of tariffs on Chinese imports set to kick in on Dec. 15. The S&P 500 fell 0.1% to 3,164....
Lagarde's ECB Keeps Policy Unchanged as Strategy Review Looms
Stocks Open Slightly Lower as Gloomy Trade Clouds Offset Monetary Policy Boost
Oil Prices Gain as OPEC Revises Deficit Forecast
Gold ends lower as Trump tweet raises optimism that trade deal with China near
Oil rises on US-China trade deal optimism
Hong Kong Stocks Soar on Trade Deal Reports (Review)
Saturday, 14 December 2019 04:24 WIB
Hong Kong stocks jumped more than two percent Friday after reports said China and the US had finally reached a partial trade agreement that will see Washington cancel tariffs due to be imposed at the weekend.
The Hang Seng index soared 2.57...