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S&P 500 retreats from record high; Google miss weighs on tech shares


Wednesday, 30 October 2019 02:55 WIB

Standard & Poor's 500Saham AS


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U.S. stocks edged lower in Tuesday afternoon trade, a day after the S&P 500 index scored a record close, as investors kept their attention on a stream of corporate earnings and awaited a two-day Federal Reserve meeting that’s expected to deliver another interest rate cut on Wednesday.

The Dow Jones Industrial Average fell 24 points, or 0.1%, at 27,067, while the S&P 500 index fell 2 points, or 0.1%, to 3,037, after it notched an all-time intraday high just shy of 3,048. The Nasdaq Composite Index retreated 43 points, or 0.5%, at 8,284.

Shares of Google parent Alphabet Inc were down 2% after the search giant reported a third-quarter earnings miss late Monday, helping weigh on technology shares and the broader S&P 500.

Source: Marketwatch


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