Wall Street’s major stock indices closed lower on Tuesday’s trading (15/10/24), with a 1% drop in the Tech-laden NASDAQ Composite leading the losses as chip stocks fell on demand concerns while the Energy sector plunged 3% on falling oil prices.
The bond market was closed in commemoration of Columbus Day, and there were no earnings reports or economic data to impact investor sentiment.
The US stock market ended higher with a boost from the Technology sector amid quiet Columbus Day trading Monday Oct 14, while crude oil prices fell as investors parsed signs of economic weakness in China and braced for a string of standout corporate earnings.
THE COMBINATION OF US INFLATION AND LABOR DATA REINFORCES THE CONTINUATION OF THE FED’S RATE CUTS.
PT Daaz Bara Lestari Tbk yang berusaha dalam bidang perdagangan besar logam dan bijih logam (KBLI Nomor 46620), dan aktivitas perusahaan holding (KBLI Nomor 64200). Perseroan memiliki Perusahaan Anak dengan bidang usaha Perdagangan, Jasa angkutan laut, dan Jasa Pertambangan. Perseroan dan Perusahaan Anaknya didukung dengan rantai pasokan yang terintegrasi dalam industri mineral untuk menjalankan usahanya.
The US Labor Department reported US PPI was unchanged on a monthly basis in September, compared with a 0.1% increase expected by economists polled by Reuters.
The S&P 500 and Dow Jones Industrial Average posted a new high record on Friday, with a massive boost from the Financials sector after major banks reported strong Q3 performance while the latest Inflation data at the producer level fueled expectations for a US Federal Reserve interest rate cut in November.
Long-term US Treasury yields edged higher in directionless trade on Thursday (10/10/24) as investors weighed the path of interest rates from the Federal Reserve after US Inflation figures and comments from central bank officials were released.
Global stocks were flat while long-term US Treasury yields edged higher in directionless trade on Thursday (10/10/24) as investors weighed the interest rate path of the Federal Reserve after US Inflation figures and comments from central bank officials were released.
