Friday, 18 July 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
S&P 500 Slumps As Benchmarks Struggle To Reach Record Highs, Dow Loses 200 Points: Live Updates
Wednesday, 19 February 2025 04:00 WIB | MARKET UPDATE |SahamAS

Stocks fell slightly on Tuesday, with the S&P 500 struggling to reach an all-time high set a month ago, as traders weighed headwinds on global trade and inflation.

The broad-market index fell 0.01%, while the Nasdaq Composite fell 0.5%. The Dow Jones Industrial Average fell 206 points, or 0.4%. Earlier on Tuesday, the S&P 500 was less than 0.1% from its intraday record.

Energy was the best-performing sector in the S&P 500, rising 1.9%. Halliburton and Valero Energy led the gains. Technology stocks also rose slightly.

However, a more than 1% decline in consumer and communications services weighed on the broader market. Meta Platforms fell 3%, while Amazon fell 2%.

"Overall, the market is still trying to break out of the consolidation that has been in place since early December," said Chris Larkin, managing director of trading and investing at Morgan Stanley's E-Trade. "This week is the start of retail earnings season, but news out of Washington, especially on tariffs, could continue to be a wild card for the market."

Wall Street is coming off a profitable week for the major averages. The Dow rose about 0.6% last week, while the S&P 500 gained 1.5%. The Nasdaq gained 2.6%.

Most of last week's gains came on Thursday after President Donald Trump's plan for reciprocal tariffs on countries with levies on U.S. goods calmed investors who feared tariffs would be tighter.

Stocks have been choppy early in the year. However, the numbers are still within reach of all-time highs as some components of inflation data signal more easing price pressures than the headline numbers suggest. That, in turn, could keep the Federal Reserve on track to cut interest rates.

"I think there's a non-zero chance that the Federal Reserve will change course next year because inflation is the story of 2026," said Steve Wyett, chief investment strategist at BOK Financial. "That's not reflected in asset values ​​right now. I'm more optimistic than pessimistic, but I think we also need to be realistic."

The 30-stock Dow and Nasdaq are about 1% below their recent records, while the S&P 500 is just 0.2% below its own milestone. (Newsmaker23)

Source: CNBC

RELATED NEWS
Australian stocks hit record high as Asia-Pacific markets track Wall Street gains ...
Friday, 18 July 2025 08:03 WIB

Australian equities notched a record high as Asia-Pacific markets tracked Wall Street gains on the back of strong U.S. economic data reports and a slew of better-than-expected corporate earnings. Aus...

S&P 500, Nasdaq 100 Climb to New Highs...
Friday, 18 July 2025 01:29 WIB

US stocks advanced on Thursday, supported by upbeat earnings and solid economic data as markets brushed aside lingering concerns over President Trump's criticism of the Fed and renewed tariff threats....

Wall Street Moves Slowly, Retail Strong, Trump Eases Tensions...
Thursday, 17 July 2025 21:27 WIB

S&P 500 and Nasdaq 100 futures edged up 0.1% and 0.2%, respectively, on Thursday morning (July 17), while the Dow Jones Industrial Average remained flat. What caused this? Investors were digesting...

European Stocks Rebound, Earnings in Focus ...
Thursday, 17 July 2025 14:53 WIB

The STOXX 50 rose 0.9% and the STOXX 600 gained 0.6% on Thursday, marking their first advances in six and five consecutive sessions, respectively, as investor attention shifted to corporate earnings. ...

Asia-Pacific markets mostly fall as investors assess Japan's trade data and Trump's plans for Powell ...
Thursday, 17 July 2025 07:46 WIB

Asia-Pacific markets mostly fell Thursday, with investors assessing the fall in Japan's exports for the second consecutive month, as well as U.S. President Donald Trump's denial of his intent to fire ...

LATEST NEWS
Oil Climbs Again as Traders Weigh Signals of Near-Term Tightness

Oil headed for a back-to-back daily gain after US data showed the world's largest economy holding up despite the fallout from the Washington-led trade war, while market metrics pointed to near-term tightness. Global benchmark Brent rose toward $70...

Silver Price Forecast: XAG/USD struggles near $38.00 due to diminished odds of Fed cuts

Silver price (XAG/USD) holds mild losses after two days of gains, trading around $38.20 per troy ounce during the Asian hours on Friday. The non-interest-bearing Silver attracts some sellers as the upbeat economic data from the United States (US)...

EUR/USD surges above 1.1600 due to easing risk aversion following dovish Fedspeak

EUR/USD recovers its recent losses registered in the previous day, trading around 1.1630 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) loses ground amid easing risk sentiment following the dovish remarks from Federal...

POPULAR NEWS
US consumer prices rise in June as tariff pass-through begins
Wednesday, 16 July 2025 01:35 WIB

U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an...

European stocks erased early gains
Wednesday, 16 July 2025 01:49 WIB

European stocks erased early gains and closed mostly lower on Tuesday as markets continued to assess how potential tariffs from the US may hurt...

Fed's Logan says her base case calls for holding rates steady a while longer
Wednesday, 16 July 2025 07:43 WIB

The U.S. central bank will probably need to leave interest rates where they are for a while longer to ensure inflation stays low in the face of...

Investors seek protection from risk of Fed chief's ouster
Tuesday, 15 July 2025 23:28 WIB

President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against...