Wall Street fell in bunches at the close of trading on Wednesday (17/4/2024) with the NASDAQ leading the decline by 1.2%. The S&P 500 fell for the fourth consecutive session, triggered by declines in Nvidia shares and other big tech companies such as Netflix, Apple, Meta, and MIcrosoft.
Perseroan merupakan perusahaan yang bergerak di bidang telekomunikasi yang mana telah berdiri sejak tahun 2004. Perseroan melayani kebutuhan Akses Internet, Network & IT Solution yang menjadikan sebuah layanan Managed Services yang didukung dengan sumber daya manusia yang profesional dan dukungan infrastruktur jaringan yang handal yang berupa jaringan Fiber Optic maupun Wireless yang menggunakan teknologi terbaru.
Perseroan memiliki kegiatan usaha yang bergerak dibidang Perdagangan Aspal, Jasa Konstruksi dan Industri Pengolahan Aspal, baik dilakukan oleh Perseroan maupun Entitas Anak.
Investors digested STATEMENT FROM FEDERAL RESERVE CHAIRMAN JEROME POWELL which signaled that high interest rates are still needed for a longer time, addressing March US Inflation data of 3.5% yoy which strengthened above expectations.
The S&P500 and NASDAQ closed slightly lower on Tuesday (16/04/24), while the DJIA finally closed only 0.2% higher giving up most of its intraday gains as investors digested STATEMENT FROM FEDERAL RESERVE CHAIRMAN JEROME POWELL which signaled that high interest rates are still needed for a longer time, addressing March US Inflation data of 3.5% yoy which strengthened above expectations.
USD/IDR shot up to 16110, triggered by the US TREASURY YIELD and DOLLAR INDEX surging to 5-month highs the very day the US CPI was announced, at 4.546% and 105.20 respectively; since then it is still climbing at the time of writing. The US10YT yield is now at 4.623%, and has even reached the target high of 4.666% (up to 4.70%).
Dow Jones and others slumped again on Monday (15/04/24), pressured by soaring US Treasury yields as stronger-than-expected Retail Sales data seemed about to dash hopes of an interest rate cut this year; making market participants ignore strong earnings reports from banking giant Goldman Sachs.
Market participants also digested statements from US President Joe Biden, who continued to voice the idea of a Gaza War ceasefire to Israeli Prime Minister Benjamin Netanyahu; which lifted Oil prices due to this increased geopolitical tension.
Wall Street fell more than 1%, the DJIA continued its 4 consecutive days of weakness and even the S&P500 posted its largest daily percentage decline since February 13 on Thursday trading (04/04/24), triggered by a cautious approach by the Federal Reserve regarding US monetary policy, as well as an important labor report this Friday.
