Monday, 26 August 2019
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Dow Opens Higher, Set To Snap Longest Losing Streak Since March
Friday, 28 June 2019 20:48 WIB | MARKET UPDATE |DOW JONESS & P 500Saham AS

U.S. stock indexes headed higher at the open Friday, but were set to post weekly losses, as investors awaited a meeting between Presidents Donald Trump and Xi Jinping at the Group of 20 summit in Japan, where Wall Street will watch for a resolution on trade differences.

The Dow Jones Industrial Average gained 102 points, or 0.4%, at 26,631, the S&P 500 index picked up 0.4% at 2,935, and the Nasdaq Composite Index gained 0.4% at 7,995.

On Thursday, the Dow booked its third straight decline, which marked its longest skid since a five-session slide ending March 8. For the week, all three benchmarks were set to post declines of around 0.5%.

For June, the benchmarks were looking at their best June since 1938 for the Dow and the best for the S&P 500 since 1955, according to Dow Jones Market Data.

In economic news, the Federal Reserve's preferred inflation gauge, the personal-consumption expenditures, or PCE, rose a seasonally adjusted 0.16% in May from April, the Commerce Department said Friday. It was the third straight month it has met or exceeded the monthly pace needed to hit the central bank's annual target at 2%.

Source : Market Watch

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