Wednesday, 08 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Wall Street sinks to one-month low on trade, growth fears

U.S. stocks tumbled to a one-month low on Friday after a sharp escalation in U.S.-China trade tensions and a tepid July jobs report renewed fears of slowing economic growth and raised bets of further interest rate cuts this year.

President Donald Trump on Thursday threatened to slap a 10% tariff on $300 billion of Chinese imports from next month, sending global markets tumbling and investors fleeing to safe-havens like U.S. Treasuries and the Japanese yen.

At 11:18 a.m. ET, the Dow Jones Industrial Average was down 201.88 points, or 0.76%, at 26,381.54, the S&P 500 was down 26.02 points, or 0.88%, at 2,927.54. The Nasdaq Composite was down 117.00 points, or 1.44%, at 7,994.12.

The S&P 500 slipped below its 50-day moving average, a closely watched indicator of short-term momentum, during the session.

Source : Reuters

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
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...

Hong Kong Stocks End Down After Rally (Review)

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 points, to 25,975.66. The benchmark Shanghai...

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 Rises Back Near $1,800 as U.S. Dollar Softens to Start July's First Full Week
Monday, 6 July 2020 20:16 WIB

Gold futures headed higher early Monday, supported in part by a weakening U.S. dollar, which was providing a runway for the commodity even as global...