DJIA26269.89
LIVE527.24(2.05%)
NDX9704.69
LIVE47.38(0.49%)

Stocks Snap Four-Day Winning Streak But Post Weekly Gains


Saturday, 8 February 2020 04:16 WIB

DOW JONESS & P 500SahamASNasdaq Composite


c_740_198_16777215_00_images_assets_USMARKET_trendchart-down.jpg

U.S. stocks booked losses on Friday as fears around the coronavirus impact on U.S. multinationals and the global economy offset better-than expected job gains in the January employment report, but held on to weekly gains.

The S&P 500 fell 0.5% to end around 3,328. The Dow Jones Industrial Average dropped 277 points, or 0.9%, to end around 29,103, based on preliminary numbers. The Nasdaq Composite retreated 0.5% to finish near 9,521. For the week, the S&P rose 3.2%, the Dow climbed 3%, and the Nasdaq booked a 4% gain. Last month's employment report showed the U.S. economy added 225,000 jobs in January, well above analysts' forecast for a 164,000 gain.

The unemployment rate also edged up by a tenth of a percentage point to 3.6%. Risk assets sagged following reports by companies of the disruption to supply chains and sales from the coronavirus outbreak in China. In company news, U.S.-listed shares of Canada Goose Holdings Inc. swung lower after it said the coronavirus has had a "material negative impact."

Source : Marketwatch


RELATED NEWS

  • Hong Kong shares rallied for a third straight day Wednesday as the easing of lockdowns around the world overshadowed worries about China-US tensions. The Hang Seng Index climbed 1.37 percent, or 329....

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.