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S&P 500, Dow Retreat Ahead of Fed Outlook; Nasdaq Hits New High


Wednesday, 10 June 2020 23:26 WIB

DOW JONESS & P 500Indeks NasdaqSahamASWallstreet


The S&P 500 and Dow slipped on Wednesday, as losses in financial stocks outweighed a boost from technology, with focus shifting to the Federal Reserve's first projections on the economy since the coronavirus outbreak.

The tech-heavy Nasdaq, by contrast, hit a record high for the fourth straight session, with gains for Apple Inc, Amazon.com Inc and Microsoft Corp driving a rally which has taken the index back into bull market territory.

At 11:20 a.m. ET, the Dow Jones Industrial Average was down 194.34 points, or 0.71%, at 27,077.96, the S&P 500 was down 9.85 points, or 0.31%, at 3,197.33. The Nasdaq Composite was up 53.73 points, or 0.54%, at 10,007.48.

Source : Reuters


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