Wednesday, 08 April 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. stocks skid lower at the open as government bond yields stumble

U.S. stock indexes on Tuesday opened lower as investors appeared to await guidance from the Federal Reserve on monetary policy--a key catalysts for a market that has been beset by worries about an impending economic recession.

The Dow Jones Industrial Average fell 63 points, or 0.2%, to 26,075, the S&P 500 index retreated 0.4% to 2,911, while the Nasdaq Composite Index skidded 0.4% lower to 7,970. Investors were watching quarterly reports from major retailers including Home Depot Inc. and Kohl's Corp.

Meanwhile, President Donald Trump on Monday said the Fed should cut benchmark rates by 1 percentage point from its current range of 2%-2.25%, which is viewed as aggressive policy for a U.S. economy considered slowing but not in the throes of a recession. A slide in bond yields, as prices gain, has been also unsettling investors. The 10-year Treasury bond yields 1.55%, off more than 4 basis points, from its level on Monday.

Source : Marketwatch

RELATED NEWS
Hong Kong Stocks Post More Gains (Review)...
Wednesday, 8 April 2020 03:38 WIB

Hong Kong stocks enjoyed another healthy rally Tuesday, in line with an Asia-wide advance and following a surge on Wall Street, with traders cheered by signs the rate of coronavirus infections is slow...

Dow Stages A Nearly 1,000-Point U-Turn Tuesday To End Barely Lower In Choppy...
Wednesday, 8 April 2020 03:31 WIB

U.S. stocks finished a volatile session in negative territory, as investors failed to nudge equity benchmarks to a second straight gain. Stocks had been rising throughout the session amid continued s...

Stocks Jump for a Second Day, Dow Gains More Than 700 Points...
Tuesday, 7 April 2020 23:44 WIB

Stocks rose on Tuesday, building on the strong gains from the previous session, as investors grew more optimistic about a decline in new coronavirus cases. The Dow Jones Industrial Average traded mor...

European Shares Close 1.7% Higher on Tentative Hopes The Coronavirus May Have Paked...
Tuesday, 7 April 2020 23:17 WIB

European markets closed higher Tuesday as investors hoped that the region could be seeing a plateau in the coronavirus outbreak. The pan-European Stoxx 600 closed up 1.7% at 326.61, with travel and l...

Dow soars 800 points as hopes for a coronavirus slowdown buoys stocks...
Tuesday, 7 April 2020 21:10 WIB

U.S stocks shot higher early Tuesday, extending a powerful rally to a second session on growing signs that the spread of the COVID-19 pandemic may be leveling off in parts of the world. Markets were ...

LATEST NEWS
Hong Kong Stocks Post More Gains (Review)

Hong Kong stocks enjoyed another healthy rally Tuesday, in line with an Asia-wide advance and following a surge on Wall Street, with traders cheered by signs the rate of coronavirus infections is slowing. The Hang Seng Index climbed 2.12 percent,...

Dow Stages A Nearly 1,000-Point U-Turn Tuesday To End Barely Lower In Choppy

U.S. stocks finished a volatile session in negative territory, as investors failed to nudge equity benchmarks to a second straight gain. Stocks had been rising throughout the session amid continued signs of the slowing spread of COVID-19 across...

Oil Futures End Lower After EIA Cuts Price Forecasts

Oil futures settled lower on Tuesday, giving up earlier gains after the Energy Information Administration lowered its U.S. and global benchmark crude price forecasts for this year and next. Traders also weighed prospects for a global output cut...

POPULAR NEWS
Gold in "Wait and See Mode" as Traders Await More News
Monday, 6 April 2020 10:02 WIB

Gold prices were little changed on Monday morning as traders remained cautious amid the continuous economic turmoil. Gold Futures was up by 0.04%...

Gold Futures Settle at a More Than 7-Year High
Tuesday, 7 April 2020 00:56 WIB

Gold futures climbed on Monday to settle at their highest in more than seven years. "Fiscal and monetary stimulus will provide a nice backdrop for...

Gold Rises More Than 1% as Coronavirus Hits Global Economies
Monday, 6 April 2020 17:40 WIB

Gold jumped more than 1% to a more than one-week high on Monday as worries over a global economic slowdown caused by the coronavirus pandemic drove...

Gold Prices Expected To Shine As Governments Launch Stimulus
Monday, 6 April 2020 11:10 WIB

Gold is expected to keep rising from the mid-March lows, based on the weekly Kitco gold-price survey. The expectation comes after the Federal...