Friday, 23 February 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. stocks open lower as CPI underlines inflation fears
Wednesday, 14 February 2018 22:04 WIB | MARKET UPDATE |US StocksSahamAS

U.S. stocks opened solidly lower on Wednesday, suggesting major indexes would snap a three-day streak of gains, after the latest data on inflation underlined concerns that the Federal Reserve could become more aggressive in raising interest rates.

The Dow Jones Industrial Average fell 120 points, or 0.4%, to 24,535. The S&P 500 lost 9 points to 2,655, a drop of 0.3%. The Nasdaq Composite Index shed 27 points to 6,986, a decline of 0.4%. In the latest economic data, the consumer price index rose by its highest amount in five months in January.

That builds on a recent spike in wage growth, which triggered concerns about inflation returning to the economy. That fear was enough to spark a sharp decline in stocks, taking both the Dow and the S&P into correction territory.

Separately, U.S. retail sales fell 0.3% in January, the largest drop in almost a year, adding to concerns about the state of the economy. In company news, Fossil Group Inc. soared 78% after it reported earnings that topped forecasts. Chipotle Mexican Grill added 12% a day after naming a new chief executive.

Source : Market Watch

RELATED NEWS
Stocks Struggle as Bond Yields Drop; Dollar Steady...
Friday, 23 February 2018 16:57 WIB

Saham di Eropa berjuang untuk arah setelah sesi positif di Asia karena investor memperdebatkan prospek bank sentral yang menormalkan kebijakan mereka. Obligasi di wilayah euro menguat dengan Treasurie...

Asian Shares Advance as Japan Stocks Break Three-Day Decline...
Friday, 23 February 2018 16:42 WIB

Ekuitas Asia naik, menuju kenaikan minggu keduanya, karena saham di Jepang menghentikan penurunan tiga hari beruntunnya dan saham Korea Selatan meraih kenaikan terbesar dalam lebih dari empat bulan. S...

Dow Futures Surge Over 100 Points...
Friday, 23 February 2018 16:14 WIB

Bursa berjangka AS menguat pada hari Jumat, membangun kenaikan pada sesi sebelumnya di tengah tanda-tanda meningkatnya minat terhadap aset berisiko seperti ekuitas. Indeks berjangka Dow naik 160 poin...

Hong Kong Stocks Rise as Sentiment Recovers After Recent Rout...
Friday, 23 February 2018 15:55 WIB

Saham Hong Kong naik pada hari Jumat, mencatatkan minggu perdagangan yang dipersingkat karena liburan, karena indeks utama berhasil memulihkan sebagian besar kekalahan yang terjadi selama masa penurun...

China Stocks Shrug off Seizure of Anbang Amid Signs of State Support...
Friday, 23 February 2018 15:32 WIB

Saham China memperpanjang rebound mereka pada hari Jumat, dengan dengan tidak menghiraukan perebutan konglomerat Anbang Insurance Group di tengah tanda-tanda bahwa pemerintah sekali lagi mendukung pas...

LATEST NEWS
Gold on Track For Biggest Weekly Drop This Year

Gold was marginally lower Friday as it headed for its biggest weekly decline so far this year as the dollar stabilized. April gold fell 40 cents, or less than 0.1%, to $1,332.30 an ounce, and March silver lost 1 cent, or less than 0.1%, to $16.580...

Oil on Track For Second Consecutive Weekly Rise

Crude-oil futures Friday were marginally lower, but looked set to mark a second straight weekly advance, as bullish inventory reports underpinned bullish sentiment. West Texas Intermediate crude oil for April delivery on the New York Mercantile...

UK Police Investigating Package Sent to Harry and Meghan

London police say they are investigating a suspicious package that was sent to Prince Harry and his fiancee Meghan Markle. The Metropolitan Police force says "a package containing a substance" was delivered to St. James's Palace, where Harry has...

POPULAR NEWS
Gold Marks Worst Daily Drop In About a 1 1/2 Years As Dollar Gains Steam
Wednesday, 21 February 2018 04:24 WIB

Gold prices finished sharply lower on Tuesday, marking the sharpest daily decline in more than a year, against a backdrop of rising gold and...

Gold Books Slight Gain As Dollar Softens
Friday, 23 February 2018 04:13 WIB

Gold futures ended slightly higher on Thursday as softness in the U.S. dollar and a slight pullback in bond yields helped to nudge the precious...

Gold prices climb following release of Fed minutes
Thursday, 22 February 2018 02:39 WIB

Gold prices rose in electronic trading Wednesday after the Federal Reserve released the minutes from its January meeting which indicated that the...

Dow Falter After Six Days Of Gains As Walmart Weighs
Wednesday, 21 February 2018 01:19 WIB

A steep fall in Walmart's shares put the skids on the S&P 500 and the Dow's six-day winning streak, but gains in Amazon and technology stocks...