Friday, 21 September 2018
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Stock market erases gains; Nasdaq's 77-day win streak in jeopardy
Tuesday, 13 March 2018 23:33 WIB | MARKET UPDATE |S & P 500Indeks NasdaqSaham AS

Early gains on Wall Street fizzled out with the S&P 500 and Nasdaq Composite trading in negative territory on Tuesday as tech and energy sectors came under pressure.

Stocks earlier shook off President Donald Trump™s decision to replace Secretary of State Rex Tillerson, choosing Central Intelligence Agency Director Mike Pompeo to take over the role.

Stocks rallied earlier after closely watched consumer-inflation data was in line with expectations, helping to placate worries rising prices would hasten interest-rate hikes by the Federal Reserve.

The S&P 500 index was down 0.4% at 2,773. Losses in the energy, technology and financials sectors outweighed gains in the rest of the market.

The Dow Jones Industrial Average % which earlier was up as much as 181 points, fell 101 poitns, or 0.4%, to 25,077. General Electric, American Express and Microsoft Corp were leading the losses.

The Nasdaq Composite Index retreated from an intraday record high set earlier, to trade 64 points, or 0.8%, lower at 7,524. If the index closes lower, it will break a seven-day winning streak.

Source: Marketwatch

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