DJIA21052.53
LIVE-360.91(-1.69%)
NDX7528.11
LIVE-107.55(-1.41%)

Wall Street drops as strong jobs report cools rate cut hopes


Friday, 5 July 2019 23:24 WIB

DOW JONESS & P 500NasdaqSahamASWallstreet


c_740_198_16777215_00_images_assets_USMARKET_sahamasturun123.jpg

U.S. stocks lost ground on Friday, retreating from record levels hit in the previous session, after strong U.S. job growth in June pushed investors to scale back bets on aggressive interest rate cuts by the Federal Reserve.

Labor Department data showed nonfarm payrolls rose by 224,000 jobs in June, the most in five months, and solidly beating economists' expectation of 160,000 additions.

Traders lowered their expectations of a 50 basis point rate cut by the Fed at its policy meeting on July 30-31, although hopes remained high that the central bank would start easing monetary policy.

At 11:01 a.m. ET, the Dow Jones Industrial Average was down 186.45 points, or 0.69%, at 26,779.55, the S&P 500 was down 23.66 points, or 0.79%, at 2,972.16 and the Nasdaq Composite was down 66.81 points, or 0.82%, at 8,103.42.

Source : Reuters


RELATED NEWS

POPULAR NEWS

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.