Saturday, 11 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Wall Street Slips From Record Highs After Jobs Report
Saturday, 8 February 2020 00:24 WIB | MARKET UPDATE |Saham ASWall StreetS & P 500

Wall Street pulled back from record levels on Friday, as investors assessed the U.S. employment report that showed jobs growth accelerated in January but included a downward revision to some previous numbers.

Nonfarm payrolls increased by 225,000 jobs last month, the Labor Department's data showed, much higher than 160,000 jobs additions expected by economists polled by Reuters.

However, the economy created 514,000 fewer jobs between April 2018 and March 2019 than originally estimated, suggesting job growth could significantly slowdown this year.

Technology stocks, which outperformed broader markets this week, slipped 0.7%, weighing the most on the S&P 500.

A strong four-day rally this week has put the benchmark index on pace for its best week in eight months as investors took comfort from China's efforts to limit the economic damage from the coronavirus outbreak.

The new infections in mainland China on Thursday were down from Wednesday and Tuesday's figures, but experts warned it was too early to identify a trend.

At 9:48 a.m. ET, the Dow Jones Industrial Average was down 0.58% at 29,208.83. The S&P 500 fell 0.44% to 3,331.09 and the Nasdaq Composite dropped 0.56% to 9,519.02.

Source : Reuters

RELATED NEWS
Dow ends nearly 370 points higher as Nasdaq logs another record close...
Saturday, 11 July 2020 03:29 WIB

Stocks ended higher in thin trade Friday, getting a lift from positive news on a coronavirus treatment. The Dow Jones Industrial Average rose around 369 points, or 1.4%, to end near 26,075, according...

Hong Kong Stocks End With Deep Losses (Review)...
Saturday, 11 July 2020 02:43 WIB

Hong Kong stocks closed sharply lower Friday, in line with an Asia-wide sell-off, with investors also spooked by fresh infections in the city that have led to the reimposition of containment measures ...

Dow rises 200 points on positive coronavirus treatment news, airlines...
Friday, 10 July 2020 23:43 WIB

Stocks rose in choppy trading Friday as traders digested news about a potential coronavirus treatment as well as another record spike in virus cases. The Dow Jones Industrial Average traded 200 point...

European markets close higher as Italian and French industrial data surprises...
Friday, 10 July 2020 23:23 WIB

European markets closed higher Friday as data showed French and Italian industry output rebounding more strongly than expected in May. The pan-European Stoxx 600 provisionally closed up by 0.8%, auto...

U.S. Stocks Rise At The Open On Coronavirus Treatment Hopes...
Friday, 10 July 2020 20:44 WIB

U.S. stocks opened modestly higher Friday, buoyed by encouraging news about a coronavirus treatment. The Dow Jones Industrial Average rose 14 points, 0.1%, to open near 25,720, while the S&P 500 ...

LATEST NEWS
Dow ends nearly 370 points higher as Nasdaq logs another record close

Stocks ended higher in thin trade Friday, getting a lift from positive news on a coronavirus treatment. The Dow Jones Industrial Average rose around 369 points, or 1.4%, to end near 26,075, according to preliminary figures, while the S&P 500...

Hong Kong Stocks End With Deep Losses (Review)

Hong Kong stocks closed sharply lower Friday, in line with an Asia-wide sell-off, with investors also spooked by fresh infections in the city that have led to the reimposition of containment measures including school closures. The Hang Seng Index...

Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk

Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will...

POPULAR NEWS
Gold futures up a fourth straight session to mark another finish at the highest since 2011
Thursday, 9 July 2020 01:11 WIB

Gold futures climbed for a fourth straight session on Wednesday to mark another finish at their highest since September 2011. The move for gold...

Gold futures pull back from a fresh 9-year peak, but hold above $1,800 an ounce
Friday, 10 July 2020 01:31 WIB

Gold futures ended lower on Thursday, pulling back a day after scoring another settlement at the highest since September 2011, but the haven metal...

Gold Futures Slip, Set to Take a Breather after Carving Out Fresh 9-Year Peak
Thursday, 9 July 2020 18:57 WIB

Gold futures edged back early Thursday, giving up some of its gains after the precious metal scored another settlement at the highest since...

Gold Rally to $1,800 Sees ETF Inflows Exceed Full-Year Record
Wednesday, 8 July 2020 15:53 WIB

Gold allure is only getting stronger as 2020 unfolds. Spot prices reached $1,800 an ounce and year-to-date inflows into bullion-backed...