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 | MARKET UPDATE |SahamASIndeks Dow JonesIndeks S&P 500Indeks Nasdaq

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% at 28,135, missing a record close at 28,164, while the S&P 500 index advanced less than 0.01% to 3,169, enough for a fresh all time high. The Nasdaq Composite Index closed up 0.2% to end at 8,735, marking its second straight all-time closing peak.

For the week, the Dow gained 0.4%, the S&P 500 returned 0.7%, while the technology-laden Nasdaq gained 0.9% for the five-day period. Underpinning the week's advance was the easing of fears --at least temporarily--surrounding two of the biggest points of friction for stock-market investors: U.K. elections and trade tensions.

The U.S. and China announced a limited agreement Friday to halt the trade war, eliminating tariffs that were set to go into effect Sunday; but some critics worry that the phase-one deal may not accomplish as much to alleviate future trade tensions as had been expected--a point that some say doesn't entirely help business leaders make strategic plans.

Meanwhile, a resounding election victory for Prime Minister Boris Johnson's Conservative Party raised hopes for a quick divorce from the European Union.

In corporate news, shares of Live Nation Entertainment Inc tumbled after the Wall Street Journal reported that the Justice Department was preparing to take legal action against the company, alleging that it sought to strong-arm concert venues into using its dominant Ticketmaster subsidiary.

Source : MarketWatch

RELATED NEWS

U.S. stock futures tumble as China coronavirus spreads, worries escalate
Monday, 27 January 2020 15:37 WIB

U.S. stock futures indicated sharp losses for major indexes on Monday, continuing a drop seen from late last week, as concern grows over the fallout from China™s coronavirus, with the death toll and number of infected climbing dramatically from last week. Dow Jones Industrial Average futures slid...

European stocks fall sharply as China virus fears intensify; Stoxx 600 down 1.3%
Monday, 27 January 2020 15:14 WIB

European stocks tumbled at Monday™s open as fears over the economic fallout from the Chinese coronavirus outbreak intensify. The pan-European Stoxx 600 fell by 1.3% at the opening bell, with basic resources plunging 3.6% as all sectors and major bourses traded firmly in negative territory. Chine...

Tokyo's Nikkei closes down more than 2% on China virus fears
Monday, 27 January 2020 13:28 WIB

Tokyo's benchmark Nikkei index dropped more than two percent Monday on concerns over the potential impact of a new coronavirus that has killed at least 80 people in China. The Nikkei 225 index lost 2.03 percent, or 483.67 points, to close at 23,343.51, while the broader Topix index fell 1.61 percen...

Nikkei drops, tourism shares hit by China virus concerns
Monday, 27 January 2020 10:07 WIB

Japanese shares tumbled on Monday, with tourism-related stocks taking a fresh hit, on fears that a virus outbreak originating from China could be more deadly and harder to contain than initially thought. As of 01:55 GMT, the Nikkei share average was down 1.68% at 23,426.58, turning negative on the ...

Tokyo's Nikkei opens down more than 2% on China virus fears
Monday, 27 January 2020 07:26 WIB

Tokyo's key Nikkei index dropped more than two percent at the open on Monday on concerns over the potential impact of a new coronavirus that has killed 80 people in China. The benchmark Nikkei 225 index lost 2.04 percent, or 486.13 points, to 23,341.05 in early trade, while the broader Topix index ...

ANOTHER NEWS
Gold Climbs to 2-Week High as Virus Fears Spark Safety Buying
Monday, 27 January 2020 18:31 WIB Gold prices rose to their highest in more than two weeks on Monday as equities slipped on growing concerns that a China virus outbreak could impact that nation™s economy, prompting investors to drop riskier assets and look for safe havens. Spot...

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.