Gold futures pared much of their earlier gains Friday as a strength in the dollar dulled the dollar-denominated metal's appeal to investors.
Prices still logged their highest settlement since last Friday. For the week, they fell by 0.1%, with the haven metal failing to get a significant boost on the back of tensions in the Middle East and Hong Kong. "The fact that gold has managed to trade over $1,340 is a positive sign for next week," said Chintan Karnani, chief market analyst at Insignia...
Stocks fell on Friday as investors digested a drop in semiconductor shares alongside weak data out of China.
The Dow Jones Industrial Average dipped 14 points as Intel and Apple lagged. The S&P 500 slipped 0.1% as the tech sector dropped 0.6%. The Nasdaq Composite slid 0.4%.
Chipmakers fell broadly after weak quarterly results from Broadcom. The VanEck Vectors Semiconductor ETF (SMH) fell 2.4%, led by a 6.3% drop on Broadcom. The chipmaker posted weaker-than-expected revenue for the...
European stocks closed in the negative territory on Friday as tensions heightened between the U.S. and Iran, following attacks on two oil tankers in the Gulf of Oman on Thursday.
The pan-European Stoxx 600 came off its session lows and closed 0.40% lower to 378.81. Tech stocks underperformed with the sector down 1.75%, while the majority of other sectors were trading in the red. Utilities and energy, however posted minor gains.
On the last trading day of the week, worldwide focus remained on...
Stocks mostly closed lower on Friday, leaving weekly gains still intact, after shares of computer chip makers came under pressure due to US-China trade tensions.
The S&P 500 fell 0.2% to end around 2,887. The Dow Jones Industrial Average shed 17 points, or less than 0.1%, to finish near 26,090. The Nasdaq Composite slipped 0.5% to end around 7,797. For the week, S&P was up 0.5%, the Dow was up 0.4% and the Nasdaq was up 0.7%. Broadcom Inc. shares led the slump in tech stocks on Friday...
Hong Kong stocks fell Friday, capping a tumultuous week that saw a sharp sell-off fuelled by violent protests in the city, while investors are also unnerved by China-US trade uncertainty.
The Hang Seng Index fell 0.65 percent, or 176.36 points, to 27,118.35.
The benchmark Shanghai Composite Index shed 0.99 percent, or 28.77 points, to 2,881.97, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 1.81 percent, or 27.73 points, to 1,505.06.
Source : AFP