DJIA26252.24
LIVE49.51(0.19%)
NDX7707.43
LIVE-25.79(-0.33%)

Stocks Skid Lower to End Worst Week Since May Smid Disappointment on Fed Rate-cut Plans


Saturday, 20 July 2019 03:24 WIB

DOW JONESS & P 500SahamASNasdaq Composite


c_740_198_16777215_00_images_assets_USMARKET_0financial-markets-20180322.jpg

U.S. stocks finished firmly lower Friday, capping the worst week for equities since the end of May, as doubts about the magnitude of an expected rate cut by the Federal Reserve softened the buying mood on Wall Street.

The Dow Jones Industrial Average closed down 0.3% at 27,154, off 69 points, the S&P 500 index retreated 0.6% at 2,977, while the Nasdaq Composite Index pulled back 0.7% to end at 8,146. For the week, the Dow booked a 0.7% decline, the S&P 500 finished with a weekly slide of 1.2%, while the Nasdaq logged a 1.2% drop over the five-session period. For all three stock gauges it was the steepest weekly decline since the period ended May 31, according to FactSet data.

Reports of Iran seizing oil tankers in the Strait of Hormuz added to uncertainty on the day and Federal Reserve officials attempted moderate comments made by NY Fed boss John Williams, whose comments investors appeared to interpret as implying a 50-basis-point rate cut at the end of this month.

Source : Marketwatch


RELATED NEWS

  • Hong Kong stocks opened marginally higher on Friday following big losses the day before and hours before a key speech by Federal Reserve boss Jerome Powell later in the day. The Hang Seng Index edged...
  • Investors are betting big on Boeing for now, and the Dow Jones Industrial Average was the beneficiary on Thursday. The Dow finished the day up 0.2%, or about 50 points. But Boeing's shares were up mo...
  • Hong Kong shares sank on Thursday as hopes for US interest rate cuts were overshadowed by worries about the city's economy and the impact of protests that are now in their third month. The Hang Seng ...

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.