Tuesday, 24 September 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Dow closes down more than 600 points after Trump orders U.S. companies to leave China
Saturday, 24 August 2019 04:02 WIB | MARKET UPDATE |DOW JONES Standard & Poor's 500saham A.S

U.S. stocks ended the trading day sharply lower after President Trump escalated trade war rhetoric Friday, tweeting that he had "hereby ordered" U.S. companies "to immediately start looking for an alternative to China.

The Dow Jones Industrial Average fell 614 points, or 2.6% to 25,633, the S&P 500 index lost about 75 points, or2.6% to 2,848 and the Nasdaq Composite lost 240 points, or 3% to close around 7,751.

Trump's tweets were in apparent response to China announcing new tariffs of 5% and 10% on $75 billion in U.S. imports in retaliation for the Trump Administration plans to institute a new round of tariffs on $300 billion in Chinese imports, starting Sept. 1. Meanwhile, Federal Reserve Chairman Jay Powell gave a speech at the Fed's annual symposium in Jackson Hole, Wyo. in which he said "the U.S. economy has continued to perform well overall," but appeared to leave the door open for a possible quarter-point rate cut at its next meeting in September.

Source: Marketwatch

RELATED NEWS
Dow struggles for altitude after downbeat eurozone data highlights global slowdown...
Monday, 23 September 2019 23:41 WIB

U.S. stocks edged higher midday Wednesday, but close to break-even levels, as investors weighted downbeat data on eurozone manufacturing activity that underlined worries over the health of the global ...

European stocks fall close lower as weak German data rattles markets; Thomas Cook collapses...
Monday, 23 September 2019 23:32 WIB

European shares were sharply lower Monday afternoon, as investors reacted to weaker-than-expected economic data and the collapse of one of the world™s most well-known tour operators. The pan-Europe...

Stock market opens modestly lower to kick off the week as global growth fears weigh...
Monday, 23 September 2019 20:49 WIB

U.S. stock-market indexes began Monday morning trade modestly lower, with investors wringing their hands over signs of weakening global growth and the potential for any international slowdown to weigh...

US futures point to slightly higher open...
Monday, 23 September 2019 16:09 WIB

U.S. stock index futures were slightly higher Monday morning. At around 01:50 a.m. ET, Dow futures rose 47 points, indicating a positive open of more than 80 points. Futures on the S&P and Nasdaq...

Hong Kong stocks suffer more losses...
Monday, 23 September 2019 15:26 WIB

Hong Kong stocks fell Monday, marking six straight losses, as investors fret over the China-US trade talks after Donald Trump said he did not want a piecemeal agreement. The Hang Seng Index slipped 0...

LATEST NEWS
Oil ends higher as Middle East tensions outweigh pressure from Saudi output recovery

Crude-oil futures ended higher on Monday, finding support from growing tensions in the Middle East even as Saudi Arabia has reportedly restored much of the output lost to attacks over a week ago that damaged its oil facilities. Late last week, the...

Gold futures settle at highest in over 2 weeks

Gold futures climbed Monday to settle at their highest in more than two weeks. Weak eurozone economic data raised worries over a slowdown in the global economy, as well as uncertainty surrounding U.S.-China trade talks and Iran tensions, combined...

Dow struggles for altitude after downbeat eurozone data highlights global slowdown

U.S. stocks edged higher midday Wednesday, but close to break-even levels, as investors weighted downbeat data on eurozone manufacturing activity that underlined worries over the health of the global economy with news that Chinese officials...

POPULAR NEWS
Hong Kong Stocks Close Down
Saturday, 21 September 2019 03:33 WIB

Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's...

Gold Stays Below 2-Week-Old Resistance-Line Despite Trade/Political Pessimism
Monday, 23 September 2019 08:58 WIB

Gold prices fail to portray the recent risk-aversion wave as they remain below near-term resistance-line while taking rounds to $1,513 on early...

Gold buoyed as weak eurozone data underlines fears over global growth
Monday, 23 September 2019 20:36 WIB

Gold rose Monday, finding support after a round of downbeat data out of the eurozone underlined worries about global growth prospects and as traders...

Gold Holds Gain as Trade in Focus; Palladium at Record
Monday, 23 September 2019 15:24 WIB

Gold held an advance as investors monitored signs of progress in U.S.-China trade discussions. Palladium hit a fresh all-time high. China's...