S&P 500, Dow dip on mixed retail data

S&P 500, Dow dip on mixed retail data

The S&P 500 and Dow Jones indexes have eased, handing back some gains from a strong rally in the previous session, as investors digest a mixed set of quarterly results from retailers including Home Depot and Walmart. Home improvement chain Home Depot fell 1.9 per...
S&P 500, Dow dip on mixed retail data

Gold jumps 2% after more jobless data

Gold jumped 2 per cent overnight after a string of weak economic data, including surging unemployment in the United States, heightened fears over a coronovirus-induced global downturn, while investors turned their attention to nonfarm payrolls for further cues. Spot...
S&P 500, Dow dip on mixed retail data

Metals tumble on Trump threats, dire data

US President Donald Trump’s threat of new tariffs on China and bleak economic data has forced the price of copper and other base metals down. Benchmark copper on the London Metal Exchange (LME) was down 1.6 per cent at $US5,108 a tonne on Friday and on track for...
S&P 500, Dow dip on mixed retail data

Copper dips on China factory data

Copper prices eased overnight as a survey showed factory activity in its top consumer – China – unexpectedly shrunk, but hopes for higher metals demand curbed price falls. Lingering fears for a long recovery ahead for China pulled benchmark copper on the...
S&P 500, Dow dip on mixed retail data

S&P 500, Dow slip on US jobless data

The S&P 500 and Dow Jones indexes have dipped as a grim US jobless claims report took the shine off a strong month for stock markets globally but encouraging quarterly earnings reports from Facebook and Tesla supported the Nasdaq. Nine of the 11 major S&P 500...