DJIA25706.71
LIVE0(0.00%)
NDX10754.59
LIVE0(0.00%)

S&P 500 and Dow open at new record highs Friday supported by prospect of Fed interest rate cuts


Friday, 12 July 2019 20:51 WIB

Indeks NasdaqIndeks S&P 500Indeks Dow JonesSahamAS


c_740_198_16777215_00_images_assets_USMARKET_0dowjonespic1-580x358.jpg

U.S. stocks opened at new record highs Friday helped by Federal Reserve Chairman Jerome Powell's testimony to Congress this week which bolstered investor expectations for an interest-rate cut at the end of the month.

The Dow Jones Industrial Average was up 70 points at 27,156 while the S&P 500 gained 4.30 points to 3,004 and Nasdaq was 16 points higher at 8,212.

On Thursday the Dow closed 27,000 for the first time and the S&P 500 also pushed up further record territory. The Nasdaq Composite scored a record close on Wednesday.

Meanwhile, weak data overnight from both Singapore and China sent another warning shot to the world economy on the impact of trade tensions. An unexpected rise in American producer prices for June reported early Friday did little to alter investor sentiment toward the Federal Reserve's next policy move.

Source : MarketWatch


RELATED NEWS

  • Hong Kong stocks closed sharply lower Friday, in line with an Asia-wide sell-off, with investors also spooked by fresh infections in the city that have led to the reimposition of containment measures ...
  • Tokyo stocks closed lower on Friday amid concerns over a fresh record of daily coronavirus cases in the capital. The benchmark Nikkei 225 index fell 1.06 percent or 238.48 points to end at 22,290.81,...
  • Hong Kong shares started Friday with a loss on fresh fears over the spread of coronavirus, which sparked a big sell-off on the Dow on Wall Street. The Hang Seng Index slipped 1.06 percent, or 278.38 ...

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.