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Dow Sinks 300 Points at the Open as Caterpillar Stock Weighs


Monday, 28 January 2019 21:48 WIB

DOW JONESS & P 500Saham AS


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U.S. stocks fell more than 300 points at the start of Monday trade, as investors digested a parade of earnings, in the busiest week for earnings, and braced for a number of key political an economic reports.

A report from Dow-component Caterpillar was a key drag for the blue-chip index after it reported disappointing results, citing China's slowing economy and higher material and transpiration costs.

The Dow Jones Industrial Average fell 318 points, or 1.3%, at 24,412, the S&P 500 index declined by 1% at 2,637, while the Nasdaq Composite Index retreated by 1.4% at 7,061.

Looking ahead, investors are awaiting a policy update from the Federal Reserve on Wednesday and a key employment report on Friday.

Elsewhere in corporate news, Nvidia Corp. plunged 17.6% early Monday after it lowered its guidance for revenues for 2019.

Source : Market Watch


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