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POPULAR NEWS
Gold Ends Higher after U.S. Jobs Report, but Posts a Loss for The Week

Gold futures ended higher on Friday after a report on U.S. employment in March indicated that the damage from coronavirus related business shutdowns is already having a big impact on the labor market. For the week, however, prices posted a modest decline. "Gold's upside price bias has been restrained by the deflation scare running through financial markets, said Michael Kosares, founder of USAGOLD. June gold on Comex rose $8, or 0.5%, to settle at $1,645.70 an ounce. It tacked on 2.9% on...

Hong Kong Stocks Head Into Weekend With a Loss (Review)

Hong Kong shares finished Friday with losses, in line with an Asia-wide sell-off, after data showed a massive 6.7 million Americans last week applied for unemployment benefits as the coronavirus shatters the global economy. The Hang Seng Index fell 0.19 percent, or 43.95 points, to 23,236.11. The benchmark Shanghai Composite Index dropped 0.60 percent, or 16.65 points, to 2,763.99, and the Shenzhen Composite Index on China's second exchange fell 0.47 percent, or 7.98 points, to...

U.S. oil prices climb by nearly 32% for the week

Oil futures climbed on Friday, with U.S. prices tallying a weekly gain of almost 32%. Prices extended their Thursday rally on growing expectations that major oil producers will reach an agreement to significantly cut production levels as efforts to slow the spread of COVID-19 continues to hurt energy demand. May West Texas Intermediate oil rose $3.02, or 11.9%, to settle at $28.34 a barrel on the New York Mercantile Exchange. Prices for the front-month contract climbed about 31.8% for the...

Dow closes more than 350 points lower as job losses hit an 11 year high

U.S. stocks closed lower Friday as investors assessed the economic damage wrought by the coronavirus epidemic, after the Labor Department reported the U.S. economy lost more than 700,000 jobs in March, and that the unemployment rate rose to a near three-year high of 4.4%. The Dow Jones Industrial Average fell 358 points, or 1.5% to close near 21,055, the S&P 500 index fell 38 points, or 1.8% to close at roughly 2,489 and the Nasdaq Composite retreated 114 points, or 1.5% to finish at...

Stocks end slightly lower a day after S&P notches record close
Saturday, 22 June 2019 03:15 WIB | MARKET UPDATE |Saham AS

U.S. stocks ended slightly lower Friday, but locked in strong weekly gains after the Federal Reserve indicated on Wednesday it could carry out rate cuts later this year.

The S&P 500 was down 0.1% to around 2,951, a day after finishing at an all-time high. The Dow Jones Industrial Average fell 34 points, or 0.1%, to 26,719. The Nasdaq Composite slipped 0.2% to 8,032. The Dow clinched its third straight weekly gain, marking its longest such streak since Feb. 22.

The Nasdaq also recorded its third straight weekly rise, its longest such streak since May 3. The blue-chip Dow briefly traded above its record closing high set on Oct. 3, but drifted lower later in the session.

IHS Markit said its flash manufacturing purchasing managers index in June dropped to 50.1 from 50.5 in May, the worst reading since Sept. 2009. In company news, shares of Canopy Growth slipped 8% after the marijuana company said pot sales in Canada had declined over the last quarter.

Source: marketwatch

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POPULAR NEWS
Gold Ends Higher after U.S. Jobs Report, but Posts a Loss for The Week

Gold futures ended higher on Friday after a report on U.S. employment in March indicated that the damage from coronavirus related business shutdowns is already having a big impact on the labor market. For the week, however, prices posted a modest decline. "Gold's upside price bias has been restrained by the deflation scare running through financial markets, said Michael Kosares, founder of USAGOLD. June gold on Comex rose $8, or 0.5%, to settle at $1,645.70 an ounce. It tacked on 2.9% on...

Hong Kong Stocks Head Into Weekend With a Loss (Review)

Hong Kong shares finished Friday with losses, in line with an Asia-wide sell-off, after data showed a massive 6.7 million Americans last week applied for unemployment benefits as the coronavirus shatters the global economy. The Hang Seng Index fell 0.19 percent, or 43.95 points, to 23,236.11. The benchmark Shanghai Composite Index dropped 0.60 percent, or 16.65 points, to 2,763.99, and the Shenzhen Composite Index on China's second exchange fell 0.47 percent, or 7.98 points, to...

U.S. oil prices climb by nearly 32% for the week

Oil futures climbed on Friday, with U.S. prices tallying a weekly gain of almost 32%. Prices extended their Thursday rally on growing expectations that major oil producers will reach an agreement to significantly cut production levels as efforts to slow the spread of COVID-19 continues to hurt energy demand. May West Texas Intermediate oil rose $3.02, or 11.9%, to settle at $28.34 a barrel on the New York Mercantile Exchange. Prices for the front-month contract climbed about 31.8% for the...

Dow closes more than 350 points lower as job losses hit an 11 year high

U.S. stocks closed lower Friday as investors assessed the economic damage wrought by the coronavirus epidemic, after the Labor Department reported the U.S. economy lost more than 700,000 jobs in March, and that the unemployment rate rose to a near three-year high of 4.4%. The Dow Jones Industrial Average fell 358 points, or 1.5% to close near 21,055, the S&P 500 index fell 38 points, or 1.8% to close at roughly 2,489 and the Nasdaq Composite retreated 114 points, or 1.5% to finish at...

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