U.S. stocks edge downward as Wall Street takes a pause

Indonesia Berita Berita

U.S. stocks edge downward as Wall Street takes a pause
Indonesia Berita Terbaru,Indonesia Berita utama
  • 📰 Reuters
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 97%

Wall Street's main indexes fell slightly on Thursday as support from better...

NEW YORK - Wall Street’s main indexes fell slightly on Thursday as support from better-than-feared U.S. GDP data was countered by concerns about earnings and U.S.-China trade relations.

Commerce Department data on Thursday showed that while the U.S. economy missed a 3 percent annual growth target for 2018, a better-than-expected fourth quarter pushed gross domestic product up 2.9 percent for the year. Wall Street analysts now expect first-quarter earnings to fall 1.1 percent compared with Jan. 1 estimates for 5.3 percent growth, according to IBES data from Refinitiv.

“Unlike a month ago, where a statement by an official was probably sufficient to push stocks higher, it no longer is. It’s time for concrete progress,” said Oliver Pursche, chief market strategist at Bruderman Asset Management in New York.The Dow Jones Industrial Average fell 69.16 points, or 0.27 percent, to 25,916, the S&P 500 lost 7.89 points, or 0.28 percent, to 2,784.49 and the Nasdaq Composite dropped 21.98 points, or 0.29 percent, to 7,532.53.

Booking Holdings Inc fell 10.96 percent after missing quarterly earnings expectations and was the biggest single-stock drag on the S&P. Also dragging on the S&P was HP Inc, which plunged about 17.3 percent after it reported revenue that missed analysts’ estimates.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Reuters /  🏆 2. in US

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Elon Musk plans to announce some Tesla news on Thursday — here’s what Wall Street is expectingElon Musk plans to announce some Tesla news on Thursday — here’s what Wall Street is expectingThe billionaire's spat with the SEC has created a buying opportunity, one analyst said.
Baca lebih lajut »

GE shares jump again as Wall Street loves Danaher deal: Stock no longer has 'downside risk'A day after General Electric's surprise announcement of a biopharma sale to Danaher, Wall Street crowed about the embattled industrial conglomerate's $21.4 billion deal.
Baca lebih lajut »

Mylan quarterly profit, 2019 forecast miss Wall Street estimates -- stock tanksMylan quarterly profit, 2019 forecast miss Wall Street estimates -- stock tanksGeneric drugmaker Mylan on Tuesday reported lower-than-expected fourth-quarter profit and forecast 2019 earnings well below Wall Street estimates, as it grapples with significant problems at its Morgantown, West Virginia, plant.
Baca lebih lajut »

Wall Street Is Gushing Over Palo Alto Stock After Earnings Crushed EstimatesWall Street Is Gushing Over Palo Alto Stock After Earnings Crushed EstimatesThe cybersecurity company crushed Wall Street profit expectations and reported fiscal second-quarter adjusted earnings per share of $1.51 versus the $1.22 consensus. It also gave sales guidance for its fiscal-third-quarter above the average analyst projection.
Baca lebih lajut »

Stocks under pressure | Trump cuts summit short | GDP data setStocks under pressure | Trump cuts summit short | GDP data setStock futures are pointing to another lower Wall Street open, following a mixed Wednesday session.
Baca lebih lajut »

Wall Street doubts Kraft Heinz after it writes down two of its best known brandsWall Street doubts Kraft Heinz after it writes down two of its best known brandsKraft Heinz wrote down $15.4 billion in value on its Kraft and Oscar Mayer Brands in the fourth quarter. Wall Street analysts are doubting whether the company's cost-cutting strategy can work in today's competitive landscape.
Baca lebih lajut »

Markets Right Now: Stocks are opening higher on Wall StreetMarkets Right Now: Stocks are opening higher on Wall Street
Baca lebih lajut »

'Stocks look like dead money': Here's why any US-China trade deal might disappoint Wall Street'Stocks look like dead money': Here's why any US-China trade deal might disappoint Wall StreetInvestors want so much from a US-China trade deal that any agreement will disappoint them, says FTSE Russell's director of global markets research.
Baca lebih lajut »

Wall Street climbs as trade hopes power tech sharesWall Street climbs as trade hopes power tech sharesU.S. stocks rose on Friday, as technology shares were boosted by signs of progre...
Baca lebih lajut »



Render Time: 2025-03-19 21:24:14