Wednesday, 08 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Dow drops more than 150 points as rally pauses, banks shares lead losses

Stocks fell on Thursday, taking a breather from their recent rally to record highs, as investors pored through the latest batch of corporate earnings results and grappled with fears of the coronavirus spreading.

The Dow Jones Industrial Average pulled back 174 points, or 0.6%. The S&P 500 slid 0.4% while the Nasdaq Composite fell 0.2%.

Goldman Sachs, Bank of America, Citigroup and J.P. Morgan Chase all fell more than 0.9% to lead the market lower. Bank stocks followed the 10-year Treasury yield lower. The rate fell to 1.728%.

Source : CNBC

RELATED NEWS
Tokyo Stocks Open Lower After Wall Street Drop...
Wednesday, 8 July 2020 07:30 WIB

Tokyo stocks opened lower on Wednesday, with investor sentiment hit by a downswing on Wall Street. The benchmark Nikkei 225 index fell 0.64 percent, or 144.63 points, to 22,470.06 in early trade whil...

Wall Street ends lower after strong recent rally as COVID cases mount...
Wednesday, 8 July 2020 03:19 WIB

U.S. stocks eased on Tuesday as investors took profits a day after the S&P 500 logged its longest streak of gains this year and as new U.S. coronavirus cases rose further. Large parts of the Unit...

Hong Kong Stocks End Down After Rally (Review)...
Wednesday, 8 July 2020 02:49 WIB

Hong Kong stocks finished Tuesday with deep losses following a healthy four-day rally, though mainland Chinese shares extended their latest advances. The Hang Seng Index shed 1.38 percent, or 363.50 ...

S&P 500 rises as major tech stocks Apple and Microsoft hit record highs...
Tuesday, 7 July 2020 23:35 WIB

The S&P 500 and Nasdaq Composite rose on Tuesday, recovering from a decline earlier in the session, as shares of major tech companies such as Microsoft and Apple. The S&P 500 traded just abov...

European markets close lower as weak German data and U.S. virus surge shake sentiment...
Tuesday, 7 July 2020 23:27 WIB

European markets closed lower Tuesday as concerns over the threat to economic recovery of new coronavirus cases in the U.S. and weak German data put the brakes on Monday™s rally. The pan-European S...

LATEST NEWS
Dollar Holds Gains as Coronavirus Woes Sap Confidence

The dollar held onto gains on Wednesday as a resurgence of the coronavirus in the United States and the return of lockdowns in some countries boosted safe-haven demand for the U.S. currency. Risk sentiment was also undermined after Federal Reserve...

Tokyo Stocks Open Lower After Wall Street Drop

Tokyo stocks opened lower on Wednesday, with investor sentiment hit by a downswing on Wall Street. The benchmark Nikkei 225 index fell 0.64 percent, or 144.63 points, to 22,470.06 in early trade while the broader Topix index was down 0.43 percent...

Wall Street ends lower after strong recent rally as COVID cases mount

U.S. stocks eased on Tuesday as investors took profits a day after the S&P 500 logged its longest streak of gains this year and as new U.S. coronavirus cases rose further. Large parts of the United States reported tens of thousands of new...

POPULAR NEWS
Gold futures finish higher, near 1-week high
Tuesday, 7 July 2020 01:35 WIB

Gold futures moved higher on Monday, building on last week's climb to mark their highest finish in almost a week. The ICE U.S. Dollar Index was...

Gold price bull rally: the drive is alive
Monday, 6 July 2020 13:40 WIB

Gold achieved an important milestone this past week as priced pushed above $1,800 an ounce for the first time since 2011 and with strong...

Gold Ticks Up on Concerns Over Increase in Virus Cases
Monday, 6 July 2020 14:27 WIB

Gold climbed as investors sought haven assets amid the rise in coronavirus cases, with the World Health Organization reporting a one-day high...

Gold futures log highest finish since September 2011
Wednesday, 8 July 2020 01:13 WIB

Gold futures marked their highest finish in nearly nine years, after climbing to nearly $1,810 an ounce during Tuesday's session. Prices had seen a...