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Dow Falls 150 Points as PPI Comes in Hotter Than Expected


Saturday, 10 November 2018 00:02 WIB

DOW JONESSaham AS


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U.S. stocks were down in early trade Friday, following a hotter-than-expected reading on producer prices, and after the Federal Reserve met expectations by holding interest rates steady and appearing to affirm plans to raise rates in December.

The Dow Jones Industrial Average were down 150 points, or 0.6%, at 26,038, and the S&P 500 index was off 23 points, or 0.8%, at 2,785, while the Nasdaq Composite Index was retreating 108 points, or 1.4%, at 7,422.

For the week, the Dow is poised to register an increase of 3%, the S&P 500 was on pace to return 2.2% over the past five sessions, while the Nasdaq was looking at a 0.9% gain over the same period.

Source : Market Watch


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