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U.S. Stocks Fall on Tech Weakness; Oil Rises


Wednesday, 4 July 2018 04:29 WIB

Standard & Poor's 500Saham AS


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U.S. stocks reversed an early climb and ended lower Tuesday, as weakness in technology and financial shares weighed on benchmarks. Oil briefly rose above $75 a barrel for the first time since November 2014 before paring the gain.

All major equity benchmarks dropped, with the S&P 500 Index stumbling after a Chinese court temporarily banned Micron Technology Inc. chip sales in the country. The Nasdaq 100 Index plunged on the news, ending down more than 1 percent. U.S. stock markets closed at 1 p.m. in New York, while the bond market shut at 2 p.m.

The S&P 500 fell 0.5 percent to 2,713.29, while the Nasdaq 100 Indexdropped 1.2 percent.

The Stoxx Europe 600 Index gained 0.8 percent. The MSCI All-Country World Index was little changed. The MSCI Emerging Market Index added less than 0.1 percent.

Source: Bloomberg


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