Dow Closes Down 250 points, Posts Worst Performance in Six Weeks as Manufacturing, Trade Concerns Weigh
Tuesday, 3 December 2019 04:12 WIB | MARKET UPDATE |SahamASS & P 500DOW JONES

U.S. stocks posted their worst single-day performance since mid-October on Monday, after a worse-than-expected report on the U.S. manufacturing sector and concerns about U.S. trade relations weighed on investor sentiment.

The Dow Jones Industrial Average fell 263 points, or 0.9% to about 27,787 and the S&P 500 index closed roughly 27 points lower, or 0.9% to 3,114, according to preliminary figures. The Nasdaq Composite index retreated 97 points, or 1.1%, to end the session around 8,567.

The Institute for Supply Management's purchasing managers index for the U.S. manufacturing sector came in at 48.1% for November, below economists forecasts of a 49.2% reading, according to a MarketWatch poll and below the 48.3% reading from October. Any reading below 50% indicates worsening conditions. The report reflected ongoing weakness in the manufacturing sector that analysts have blamed on tit-for-tat tariff increases between the U.S. and China over the past several quarters. The data were released amid ongoing negotiations for a "phase-one" trade deal that promises to create more certainty over trade policy going forward, but recent news reports have suggested that the talks could bleed into next year. Commerce Secretary Wilbur Ross said Monday that President Trump is prepared to levy more duties on Chinese goods in the absence of a trade deal, with 15% tariffs on $160 billion in imports set to be implemented on Dec. 15.

Source : Marketwatch

RELATED NEWS

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 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 WIB

The 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 WIB

European 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 WIB

U.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 WIB

U.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....

ANOTHER NEWS
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...

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.