DJIA28135.38
LIVE3.33(0.01%)
NDX8487.71
LIVE20.81(0.25%)

S&P 500, Dow Retreat From Record Levels as Home Depot, Kohl Weigh


Tuesday, 19 November 2019 23:31 WIB

DOW JONESS & P 500Saham AS


c_740_198_16777215_00_images_assets_USMARKET_NEWYEARS.jpg

The S&P 500 and the Dow Jones Industrial Average retreated after touching record highs on Tuesday, hit by dour forecasts from retailers Home Depot and Kohl’s.

Shares of the largest U.S. home improvement chain fell 5.3% and were the top drag on the two main indexes after the company cut its 2019 sales forecast for the second time this year as its online push was not delivering as expected.

Also souring the mood was Kohl’s Corp, which slumped 17.8% as the department store operator slashed its annual profit forecast after falling short of quarterly comparable sales and earnings estimates.

Six of the 11 major S&P 500 sectors were lower, with the consumer discretionary index’s 1% drop weighing the most.

Other retail stocks also fell on the news, driving the S&P 500 retail index down 1.2%. Investors await reports from Lowe’s Cos Inc, Target Corp and Nordstrom Inc among others this week.

At 10:30 a.m. ET the Dow Jones Industrial Average was down 64.44 points, or 0.23%, at 27,971.78, the S&P 500 was down 2.46 points, or 0.08%, at 3,119.57 and the Nasdaq Composite was up 11.13 points, or 0.13%, at 8,561.07.

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.