Saturday, 18 January 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Dow, S&P 500 notch record closes even as U.S.-China trade concerns dampen gains

U.S. stocks largely closed in positive territory Wednesday, though off session highs, after the Wall Street Journal reported that U.S.-China trade talks have stalled out on disagreements over China making firm commitments on agricultural purchases and U.S. reluctance to roll back already implemented tariffs in the hopes of maintaining an enforcement mechanism to hold China to the terms of a potential deal.

The Dow Jones Industrial Average rose 92 points, or 0.3% to close at about 27,784, a new record, and the S&P 500 index added about two points to end the day at 3,094, also a record close. Meanwhile, the Nasdaq Composite index shed about 4 points, or 0.1% to close near 8,482.

The apparent gap between U.S. and Chinese trade negotiators has delayed the completion of a phase-one trade deal that was announced on Oct. 11 by President Trump and Vice-Premier Liu He, though doubts to whether an actual deal will be signed grew after President Trump said during a speech Tuesday that he was willing to raise tariffs further if China doesn't agree to a deal that works for the U.S. Federal Reserve Chairman Jerome Powell testified before Congress' Joint Economic Committee Wednesday, where he signaled that interest rates would be on hold unless there was a material deterioration in the economy.

In company news, shares of Nike Inc. rose 2% after it announced it would stop selling apparel directly on Amazon.com Inc.

Source : MarketWatch

RELATED NEWS
Europe closes higher as China's GDP grows as expected; Stoxx 600 hit records high...
Friday, 17 January 2020 23:56 WIB

European stocks closed higher on Friday after data showed China's economy grew in line with expectations in 2019, lifting global markets. The pan-European Stoxx 600 closed provisionally up by 0.9%, h...

Stocks cut earlier gains and are little changed...
Friday, 17 January 2020 23:32 WIB

Stocks were little changed on Friday after hitting record highs as Wall Street wrapped up a solid weekly performance amid strong global economic data and a solid start to the earnings season. The Dow...

Dow, S&P 500, Nasdaq Open at Intraday Records...
Friday, 17 January 2020 21:50 WIB

U.S. stock rose at the start of trade Friday, with the major benchmarks reaching new highs in just the third week of the year, after data on new U.S. home construction showed it surging to 13-year hig...

Wall Street to Continue Higher; Housing Data Eyed...
Friday, 17 January 2020 19:25 WIB

U.S. stock markets are set to open higher Friday, with investors reveling in a combination of healthy corporate earnings, diminished external growth risks and healthy domestic economic data. Futures ...

Hong Kong Stocks End Week with Gains...
Friday, 17 January 2020 15:23 WIB

Hong Kong stocks finished Friday on a positive note, with investors retaining optimism over the outlook following this week's signing of the China-US trade pact that eased tensions between the economi...

LATEST NEWS
Minyak catat penurunan minggu kedua beruntun seiring kekhawatiran permintaan global

Harga minyak stabil pada hari Jumat seiring pertumbuhan ekonomi yang lamban di China, importir minyak mentah terbesar dunia, meningkatkan kekhawatiran atas permintaan bahan bakar dan melawan optimisme dari penandatanganan kesepakatan dagang...

Europe closes higher as China's GDP grows as expected; Stoxx 600 hit records high

European stocks closed higher on Friday after data showed China's economy grew in line with expectations in 2019, lifting global markets. The pan-European Stoxx 600 closed provisionally up by 0.9%, having notched a fresh record high earlier in the...

Stocks cut earlier gains and are little changed

Stocks were little changed on Friday after hitting record highs as Wall Street wrapped up a solid weekly performance amid strong global economic data and a solid start to the earnings season. The Dow Jones Industrial Average traded just 2 points...

POPULAR NEWS
Gold futures settle higher after back-to-back session declines
Thursday, 16 January 2020 02:12 WIB

Gold futures settled higher on Wednesday, finding support after posting back-to-back session declines. Prices for the precious metal gained as the...

Gold Gains Ground on Concerns Over US-China Trade
Wednesday, 15 January 2020 20:21 WIB

Gold prices on Wednesday rose from an over one-week low hit in the last session on renewed worries about the U.S.-China trade relations ahead of the...

Gold prices finish lower as some upbeat economic data dull haven demand
Friday, 17 January 2020 02:11 WIB

Gold futures gave up earlier gains to finish lower on Thursday, as some upbeat U.S. economic data dulled haven demand for the precious...

Gold Prices Rebound After Two-Day Fall; U.S.-China Deal Signing Eyed
Wednesday, 15 January 2020 16:05 WIB

Gold prices rebounded on Wednesday, snapping its recent declining streak amid fresh uncertainties surrounding the U.S.-China trade front. U.S. Gold...