Dow at risk of snapping a 5-day rally as consumer-staples, financials slide

U.S. stocks opened lower Thursday, with the Dow Jones Industrial Average on the verge of ending a multisession rally as investors focused on quarterly earnings and fresh developments in disputes between the U.S. and its global trade partners.

The Dow was down nearly 60 points, or 0.2%, at 25,140, the S&P 500 index was off 0.2% at 2,810, with a decline of at least 0.4% in financials and consumer-staples sectors. The technology-laden Nasdaq Composite Index was down 0.1% at 7,846, but not far off its record high set on Tuesday.

In corporate news, Comcast Corp. shares rose after it said it would not pursue the acquisition of assets from 21st Century Fox instead focusing its attention on Sky. Separately, Philip Morris International Inc. offered a full-year profit outlook that was below analyst expectations. Shares of the company were trading 6.4% lower.

Source: Marketwatch

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Sumber : bpfnews.com

Dow futures pull back after 5-day rally, with earnings in focus

U.S. stocks were poised for a day of mild losses on Thursday, with the Dow industrials on track to pull back from a five-day rally driven partly by optimism over the U.S. economy.

Traders appeared to be pausing for breath as they looked ahead to prominent earnings releases, including from Dow components Travelers and Microsoft, in what is shaping up to be an upbeat season.

Readings on weekly jobless claims and the Philly Fed index are on deck ahead of the open.

Futures for the Dow Jones Industrial Average fell 39 points, or 0.2%, to 25,122, while those for the S&P 500 index dropped 6.75 points, or 0.2%, to 2,809.25. Futures for the Nasdaq-100 index gave up 16 points, or 0.2%, to 7,388.50.

Source: Marketwatch

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Sumber : bpfnews.com

Asian Stocks Rally After Fed; Dollar Holds Advance

Asian stocks advanced after an upbeat assessment on the U.S. economy from Federal Reserve Chairman Jerome Powell comforted investors wary of a blowout in protectionism.

The MSCI Asia Pacific Index climbed 0.5 percent. Australia’s S&P/ASX 200 Index gained 0.7 percent and South Korea’s Kospi index was up 0.3 percent.

Equities climbed from Tokyo to Sydney and U.S. futures edged up after the Nasdaq Composite Index hit a record high despite disappointing subscriber numbers from Netflix Inc. The dollar held gains after Powell told a Senate committee that the Fed will continue to gradually raise interest rates “for now,” suggesting no iron-clad plan to keep tightening through next year.

Source: Bloomberg

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