Dow on the verge of snapping a 3-day rally as tech slumps, investors wait for Powell testimony

U.S. stocks on Tuesday saw a downbeat open, with technology and internet shares weighing on the broader market, ahead of Federal Reserve Chairman Jerome Powell’s Senate testimony.

The Dow Jones Industrial Average 50 points, 0.2%, at 25,013, the S&P 500 index slipped 0.2% at 2,792, on the verge of halting a string of gains for the benchmark at three, while the Nasdaq Composite Index retreated by 0.5% at 7,762.

In corporate news, Dow components Goldman Sachs Group Inc. reported second-quarter earnings that rose above expectations, but revenue fell below analysts’ consensus estimates, and Johnson & Johnson reported second-quarter earnings and revenue that were better than expected but consumer sales failed to impress.

Source: Marketwatch


Pembukaan saham AS pada Selasa ini terlihat akan mengalami penurunan, dengan saham teknologi dan internet membebani pasar yang lebih luas, jelang testimoni Ketua Federal Reserve Jerome Powell.

Indeks Dow Jones Industrial Average 50 poin, 0,2%, pada 25.013, indeks S&P 500 tergelincir 0,2% pada 2,792, di ambang menghentikan serangkaian gain kali ketiganya, sementara Indeks Nasdaq Composite turun sebesar 0,5% pada level 7,762 .

Dalam berita perusahaan, Dow Goldman Sachs Group Inc melaporkan laba kuartal kedua yang naik di atas ekspektasi, tetapi laba turun di bawah perkiraan konsensus analis, dan Johnson & Johnson melaporkan laba kuartal kedua dan pendapatan yang lebih baik dari yang diharapkan tetapi penjualan konsumen gagal untuk mengesankan.(yds)

Sumber: Marketwatch

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Asian Stocks Mixed as Investors Wait for Powell’s Testimony

Asian equities were mixed as investors await Federal Reserve Chairman Jerome Powell’s testimony to Congress Tuesday.

The MSCI Asia Pacific Index was little changed at 165.29 as of 4:45 p.m. in Hong Kong after rising as much as 0.3 percent earlier. Japan’s Topix index rose 0.9 percent after a three-day weekend, while Hong Kong’s Hang Seng Index fell 1.3 percent and China’s Shanghai Composite Index closed 0.6 percent lower.

Source : Bloomberg

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Stock market buoyed by trade-resolution hopes; investors await Fed commentary

U.S. stocks rose in midday trading on Thursday, buoyed by hopes the U.S. and its European counterparts could move to ease trade tensions.

Investors were also looking ahead to the latest commentary from the Federal Reserve, which could provide clarity into the U.S. central bank’s thoughts on trade policy, and whether the issue is influencing strategy.

The Dow Jones Industrial Average rose 174 points, or 0.7%, to 24,347. The S&P 500 added 18 points to 2,731, a gain of 0.7%. The Nasdaq Composite Index rose 56 points, or 0.7%, to 7,559.

The day’s gains were broad, with nine of the 11 primary S&P 500 sectors higher. Technology shares were among the biggest gainers, with the industry up 1%, while material stocks rose 0.7%.

Source: Marketwatch

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