Sunday, 19 August 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
U.S. Stocks Flat to Slightly Lower After Weak Earnings, Turkey Turmoil...
Friday, 17 August 2018 20:55 WIB

Saham AS dibuka bergerak mendatar cenderung sedikit lebih rendah pada hari Jumat, beringsut setelah laporan pendapatan perusahaan yang mengecewakan dan tekanan baru pada mata uang lira Turki. Indeks ...

U.S. stocks on track to catch their breath after prior day's strong rally...
Friday, 17 August 2018 16:41 WIB

Indeks saham berjangka AS mencatat pergerakan kecil pada awal Jumat ini, menunjukkan pasar ekuitas bisa mengambil nafas setelah industri Dow melonjak sebesar 396 poin pada Kamis. Dow Jones Industrial...

Asian Stocks Advance as Trade Talks to Resume, Dollar Weakens...
Friday, 17 August 2018 16:00 WIB

Saham Asia naik, memangkas penurunannya untuk pekan ini, karena China dan AS bersiap untuk melakukan pembicaraan baru guna meredam sentimen perang dagang. Dolar melanjutkan penurunan ke level terendah...

Hong Kong stocks end losing streak...
Friday, 17 August 2018 15:43 WIB

Saham Hong Kong berakhir dengan gain pada Jumat setelah penurunan lima hari beruntun, mengikuti rebound oleh Wall Street dan pasar Eropa atas berita pembicaraan perdagangan baru AS-China. Indeks Hang...

European Stocks Poised for Worst Week in Seven as Miners Decline...
Friday, 17 August 2018 15:06 WIB

Ekuitas Eropa dibuka sedikit berubah, bersiap untuk penurunan mingguan terburuk dalam hampir dua bulan terakhir, karena saham pertambangan dan otomotif turun di tengah kekhawatiran tentang perdagangan...

LATEST NEWS
Dollar Slides, Headed For First Weekly Loss in a Month

The U.S. dollar looked listless on Friday, sliding against a handful of its major rivals but rallying against some emerging markets amid worries over further sanctions on Turkey. The ICE U.S. Dollar Index which measures the greenback against six...

Consumer Sentiment in U.S. Declines to Lowest in Almost a Year

U.S. consumer sentiment unexpectedly fell to the lowest level in almost a year amid less favorable views on purchasing big-ticket items and persistent concerns about trade tensions, a University of Michigan report showed Friday.  Sentiment...

U.S. Stocks Flat to Slightly Lower After Weak Earnings, Turkey Turmoil

U.S. stocks opened flat to slightly lower Friday, dinged after a round of disappointing corporate earnings and renewed pressure on Turkey's lira. The S&P 500 fell 0.1% to 2,837.54, while the Dow industrials were up 9 points, or less than 0.1%,...

POPULAR NEWS
Gold ends below the closely watched $1,200 mark for a second straight session
Friday, 17 August 2018 01:51 WIB

Gold futures settled with a modest loss to mark another roughly 1 ½-year low as the U.S. dollar looked set to end the week higher. The buck, which...

Gold Trims Weekly Drop as Markets Steady After Storm
Friday, 17 August 2018 16:51 WIB

Gold rises with other precious metals as easing global trade tensions hurt dollar and support minor revival in risk...

Gold inches up, but set for biggest weekly fall in 15 months
Friday, 17 August 2018 08:56 WIB

Gold prices edged higher in early trade on Friday as dollar held steady, but the metal remained on track to post its biggest weekly decline since...

Gold Firms But Remains Pinned Below Closely Watched $1,200 Mark
Thursday, 16 August 2018 20:19 WIB

Gold futures rose marginally Thursday in an attempt to climb from the roughly 1 1/2-year lows hit this week as the U.S. dollar rally paused after...