U.S. Stocks Close Broadly Lower, But End Off Lows Amid Report Trump Not Focus of Mueller Probe

U.S. stocks fell on Thursday, with major indexes declining broadly as the latest round of earnings failed to extend a recent rally. However, stocks closed off their lows of the session.

The Dow Jones Industrial Average fell 0.3% to 24,665.42. The S&P 500 lost 0.6% to 2,693. Both held above their 50-day moving average despite dipping below it during the trading day; this level is seen as a gauge of an asset price’s short-term momentum trends. The Nasdaq Composite Index fell 0.8% to 7,238.

The day’s losses were widespread, with nine of the 11 S&P 500 sectors ending lower on the day. Seeing particular weakness were the tech and the consumer-staples sectors. Staples were pressured by weak results from Philip Morris and an acquisition at Procter & Gamble while tech’s decline was largely due to the semiconductor sector.

On the upside, financial stocks rose 1.5%, supported by a rise in the 10-year U.S. Treasury Note’s yield, as well as by some strong results, including from American Express Co. and Bank of New York Mellon Helping stocks in the final hour of trading was a Bloomberg report that President Donald Trump had been told he wasn’t a target of special counsel Robert Mueller’s probe, news that seemed to lessen some of the political uncertainty swirling around markets.

Source : Marketwatch

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Sumber : bpfnews.com

U.S. stock futures search for a catalyst as earnings stay in focus

U.S. stock-index futures pointed to a roughly flat open Thursday, putting the main gauges on track for a second-straight day of muted action.

The equity market is staying on course for a weekly gain, boosted by enthusiasm over first-quarter earnings.

Dow Jones Industrial Average futures dipped by 6 points, or less than 0.1%, to 24,727, while S&P 500 futures shed 2.45 points to 2,707.25. Nasdaq-100 futures shed 0.50 point to 6,843.

On Wednesday, the Dow closed slightly lower, hurt by a selloff for IBM after the tech giant’s latest results, while the S&P 500 and the Nasdaq Composite edged up.

The three gauges are showing year-to-date gains ranging from 0.1% to 5.7%, having recovered this month from their slump in March.

Source : Marketwatch

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Sumber : bpfnews.com

Stocks Rise as Focus Turns to Earnings After Syria

U.S. stocks rallied and Treasuries slid as geopolitical tensions eased and investors turned their attention to corporate results.

The S&P 500 Index gained 0.6 percent as of 11:45 a.m. New York time. The S&P 500 Index padded last weekA?a��a�?s gain as investors eyed the earnings season after there was no immediate reprisal to the U.S.-led missile strike in Syria and trade concerns took a back seat. Treasury yields edged to the highest in three weeks, while the greenback fell to the lowest since March after President Donald Trump accused China and Russia of devaluing their currencies. West Texas crude futures fell below $ 67 a barrel.

Source : Bloomberg

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Sumber : bpfnews.com

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