Wall St. bounces back on tech strength, focus shifts to earnings

Thursday, 1 August 2019 23:22 WIB

Wall StreetIndeks NasdaqIndeks S&P 500Indeks Dow JonesSahamAS


U.S. stocks bounced back on Thursday from a steep selloff in the prior session, boosted by technology shares as investors shrugged off a cautious outlook from the Federal Reserve on interest rate cuts and focused on corporate earnings.

The U.S. central bank reduced borrowing costs by a widely-expected quarter of a percentage point on Wednesday, but Fed Chairman Jerome Powell signaled a series of further cuts was unlikely, leading to a sharp selloff on the S&P 500 and Dow.

Despite that, all three major indexes posted their second straight monthly gains in July, closing the book on a month in which the S&P 500 and the Nasdaq reached fresh record highs.

The S&P 500 technology sector, Wall Street's best performer so far this year, rose 2%, recovering from a 1.5% drop in the previous session, helped by shares of Microsoft Corp and Apple Inc.

The Dow Jones Industrial Average rose 270.23 points, or 1.01%, to 27,134.5 and the S&P 500 gained 28.29 points, or 0.95%, to 3,008.67. The Nasdaq Composite added 119.97 points, or 1.47%, to 8,295.39.

Source : Reuters


  • Hong Kong shares ended higher Friday, extending the previous day's near-three percent gains, as global markets were boosted by a better-than-expected reading on US jobs creation. The Hang Seng Index ...
  • Tokyo stocks closed higher on Friday, extending rallies on Wall Street following a solid rebound in US employment, but investors remained cautious after a fresh surge in coronavirus cases in the Japan...



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.