DJIA25585.69
LIVE95.22(0.37%)
NDX7300.96
LIVE-6.97(-0.10%)

US Stocks Turn Lower as Banks, Energy Companies Slide


Monday, 13 August 2018 23:40 WIB

DOW JONESS & P 500 Standard & Poor's 500Saham ASNasdaq


c_740_198_16777215_00_images_assets_MARKETUPDATE_79f49ed8e5ef7e076e0f6a706700bc5e_original.jpg

Stocks gave up an early gain and moved lower in midday trading Monday as banks, energy and industrial companies slid. Asian markets fell overnight, while European markets were slightly lower.

U.S. indexes are coming off their worst losses in a month as investors worried about financial upheaval in Turkey which has sent that country's currency, the lira, plunging.

On Monday Turkey's central bank announced measures to help that country's banks manage their liquidity, but the Turkish lira and Turkey's stock market continued to slide anyway.

The S&P 500 index lost 5 points, or 0.2 percent, to 2,827 as of 12:10 p.m. Eastern time. It fell 0.7 percent Friday. The Dow Jones Industrial Average slid 93 points, or 0.4 percent, to 25,219. The Nasdaq composite was unchanged at 7,839. The Russell 2000 index of smaller-company stocks sank 9 points, or 0.6 percent, to 1,676.

Global markets skidded Friday as investors worried that Turkey's problems could cause trouble in other countries, but many analysts say that isn't likely.

Source: apnews


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.