Dow drops 250 points, stocks head for losing week as coronavirus fears resurface
Saturday, 22 February 2020 00:05 WIB | MARKET UPDATE |Saham AS

Stocks fell sharply on Friday after the number of new coronavirus cases escalated, fueling worries over a pronounced global economic slowdown.

The Dow Jones Industrial Average traded 256 points lower, or 0.9%, to break below 29,000 for the first time since Feb. 10. The S&P 500 slid 1% while the Nasdaq Composite declined by 1.4%.

Friday™s losses put the major averages on pace for their first weekly losses in three weeks. The Nasdaq is down roughly 1.3% week to date. The Dow and S&P 500 are both down at least 1.3% for the week.

Microsoft and Nike fell more than 2% each to lead the Dow lower. The S&P 500 was pressured by a 1.9% drop in the tech sector. Facebook, Amazon, Netflix, Google-parent Alphabet and Apple all traded at least 0.7% lower to drag down the Nasdaq lower.

Source: CNBC

RELATED NEWS

Hong Kong Stocks Head Into Weekend With a Loss (Review)
Saturday, 4 April 2020 03:25 WIB

Hong Kong shares finished Friday with losses, in line with an Asia-wide sell-off, after data showed a massive 6.7 million Americans last week applied for unemployment benefits as the coronavirus shatters the global economy. The Hang Seng Index fell 0.19 percent, or 43.95 points, to 23,236.11. The ...

Dow closes more than 350 points lower as job losses hit an 11 year high
Saturday, 4 April 2020 03:19 WIB

U.S. stocks closed lower Friday as investors assessed the economic damage wrought by the coronavirus epidemic, after the Labor Department reported the U.S. economy lost more than 700,000 jobs in March, and that the unemployment rate rose to a near three-year high of 4.4%. The Dow Jones Industrial A...

Wall Street Falls as Coronavirus Ends Record Job Growth
Friday, 3 April 2020 23:35 WIB

Wall Street's main indexes fell on Friday as the longest period of employment growth on record in the United States came to an abrupt end, with data showing that hundreds of thousands of people lost their jobs last month due to the coronavirus. The Labor Department's report confirmed that a recessi...

European Markets Close Lower as The Euro Zone Business Activity Plunges to Record Low
Friday, 3 April 2020 23:16 WIB

European markets closed lower on Friday, bringing an end to another rocky week of trading amid the deepening coronavirus crisis. The pan-European Stoxx 600 ended down almost 1% at 309.06, with oil and gas stocks sliding 4.6% to lead losses, while healthcare stocks bucked the trend to climb 0.8%. F...

U.S. Stock Market Opens Lower After Friday Jobs Report
Friday, 3 April 2020 20:52 WIB

U.S. stock benchmarks opened modestly lower Friday after the release of an employment report that showed bigger-than-expected job losses in March, reflecting the coming economic devastation from new strain of coronavirus that has caused personal and business activity halts. The March jobs report sh...

ANOTHER NEWS
Hong Kong Stocks Head Into Weekend With a Loss (Review)
Saturday, 4 April 2020 03:25 WIB Hong Kong shares finished Friday with losses, in line with an Asia-wide sell-off, after data showed a massive 6.7 million Americans last week applied for unemployment benefits as the coronavirus shatters the global economy. The Hang Seng Index...

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.