Thursday, 12 December 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Social-media stocks, telecom shares lead stock market to narrow win ahead of Fed meeting

U.S. stocks eked out modest to slight gains on Monday, powered by a climb in shares of technology-related and communication services shares.

The Dow Jones Industrial Average closed up 0.1% at 26,112, picking up 23 points, the S&P 500 index rose 0.1% to 2,890, while the Nasdaq Composite Index advanced 0.6% to 7,845.

The gains came as a gauge of manufacturing activity in the New York area, the Empire State manufacturing index, plummeted 26.4 points to negative 8.6 in June, a record decline. Economists had expected a reading of positive 10, according to a survey by Econoday.

The weak survey data come as the Federal Reserve commences its two-day policy meeting Tuesday, where the central bank may indicate its willigness to reduce benchmark borrowing costs amid fears of the fallout from global trade tensions and a slowdown in the economy. In corporate news, shares of Facebook Inc. gained as interest grew around its reported cryptocurrency offering, Libra coin, set to debut on Tuesday.

Source : MarketWatch

RELATED NEWS
Hong Kong Stocks End Firmer On Possible Tariff Delay (Review)...
Thursday, 12 December 2019 04:22 WIB

Hong Kong stocks closed higher on Wednesday amid speculation that Washington may hold back from slapping new tariffs on Chinese exports that are scheduled to kick in this weekend. At the close of tra...

Stocks finish modestly higher after Fed signals interest-rate pause...
Thursday, 12 December 2019 04:19 WIB

U.S. stocks came off session lows to clinch modest gains on Wednesday after the Federal Reserve indicated it would keep interest rates at current levels through the whole of next year, concluding its ...

European stocks close higher as investors await Fed decision and US-China trade news...
Thursday, 12 December 2019 00:12 WIB

European stocks traded cautiously Wednesday as investors await the U.S. Federal Reserve™s interest rate decision and monitor developments ahead of the weekend™s U.S.-China trade tariff deadline. ...

Stocks rise slightly ahead of Fed rate decision, J&J shares gain...
Thursday, 12 December 2019 00:10 WIB

Stocks rose slightly on Wednesday as investors waited to hear the Federal Reserve™s latest decision on monetary policy. The Dow Jones Industrial Average traded just 3 points higher as more than 1% ...

Dow Slightly Lower as Stocks Open Mixed Before Last Fed Meeting of Year...
Wednesday, 11 December 2019 21:49 WIB

U.S. stocks opened mixed on Wednesday ahead of an eagerly awaited policy update by the Federal Reserve which could deliver clues on the interest rate outlook. The S&P 500 was up 0.2% to 3,137. Th...

LATEST NEWS
Hong Kong Stocks End Firmer On Possible Tariff Delay (Review)

Hong Kong stocks closed higher on Wednesday amid speculation that Washington may hold back from slapping new tariffs on Chinese exports that are scheduled to kick in this weekend. At the close of trade, the Hang Seng index was up 0.8% at...

Stocks finish modestly higher after Fed signals interest-rate pause

U.S. stocks came off session lows to clinch modest gains on Wednesday after the Federal Reserve indicated it would keep interest rates at current levels through the whole of next year, concluding its two-day meeting. The S&P 500 closed up 0.3%...

Oil prices end lower after unexpected climb in weekly U.S. crude inventory data

Oil futures finished lower on Wednesday after U.S. government data showed an unexpected climb in domestic supplies of crude oil, as well as sizable gains in gasoline and distillate stockpiles. Prices showed little reaction to the Federal...

POPULAR NEWS
Gold prices slip a bit ahead of Fed meeting this week
Tuesday, 10 December 2019 03:13 WIB

Gold futures settled at a slight loss on Monday, finding little reason to move in either direction ahead of a mid-week policy update from the...

Gold prices end higher for first time in 3 sessions
Wednesday, 11 December 2019 01:56 WIB

Gold rose on Tuesday, with prices finding support after posting two consecutive sessions of losses. Traders eyed the potential for a U.S.-China...

Gold Holds Drop as Equities Rally on Solid U.S. Jobs
Monday, 9 December 2019 09:27 WIB

Gold held a decline after a better-than-expected U.S. payrolls report on Friday led to a surge in equities, damping demand for haven...

FBI Investigating Shooting at US Naval Base as Terrorism
Monday, 9 December 2019 11:07 WIB

The FBI is investigating the fatal shooting at a Naval base in Florida as an act of terrorism, a special agent said Sunday. Rachel Rojas, special...