DJIA26086.04
LIVE200.03(0.77%)
NDX7689.05
LIVE84.94(1.12%)

Stock market under pressure at the open as Wall Street reacts to Fed's policy update, data


Thursday, 2 May 2019 21:01 WIB

Indeks NasdaqIndeks Dow JonesSahamASIndesk S&P 500


c_740_198_16777215_00_images_assets_USMARKET_0nyse.jpg

Stock-index futures kicked off Thursday trade slightly lower, a day after investors expressed apparent disappointment to a Federal Reserve that failed to affirm market expectations for a near-term rate reduction.

The Dow Jones Industrial Average fell 0.2% to 26,378, the S&P 500 index declined 0.1% at 2,921, while the Nasdaq Composite Index was trading flat near the open at 8,046. On Wednesday, the markets fell by the most in about a month. The tepid trade lower on Thursday comes after Fed Chairman Jerome Powell on Wednesday described below-target inflation readings as "transitory" and gave no indication the central bank is in a hurry to cut interest rates.

Market participants had expected that a rate cut may be in the offing given the inability of inflation to achieve its 2% inflation goal.

On the economic front, a report on weekly jobless claims showed it holding at a three-month high of 230,000 for the second week in a row at the end of April. Economists polled by MarketWatch had estimated new claims would fall to seasonally adjusted 215,000 in the seven days ended April 27 from 230,000 in the prior week. Meanwhile, a report on the productivity of American workers in the first quarter increased at a 3.6% annual pace from January through March, the government said Thursday, marking the biggest such gain since the fall of 2014.

Source : MarketWatch


RELATED NEWS

  • U.S. stock index futures point to a higher open on Monday morning. At around 04:39 a.m. ET, Dow futures rose 198 points, indicating a positive open of more than 224.99 points. Futures on the S&P ...
  • Hong Kong shares jumped more than two percent Monday following a healthy lead from Wall Street with investors cheered by positive comments on trade talks by Donald Trump's top trade adviser. The Hang...

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.