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

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.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Wall 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.
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »

Stocks under pressure | Trump cuts summit short | GDP data setStock futures are pointing to another lower Wall Street open, following a mixed Wednesday session. TrumpFail The media is so funny. After all the leftist media piles on trump would one think that Kimmy might think trump will be gone shortly and he can go back to building and testing nukes with the next president who most likely will be weak.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

Markets Right Now: Stocks are opening higher on Wall StreetPeople moving towards our safer stocks I see Billionaires exchange wealth in the casino named Wall Street. The word from Brexit will show the true meaning of negotiations between china & USA
แหล่ง: ABC - 🏆 471. / 51 อ่านเพิ่มเติม »

'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.
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »