U.S. stocks retreated from record highs Wednesday as investors focused on corporate earnings, including a dour outlook from economic bellwether Caterpillar. In international economic news, Chinese stocks fell sharply on concerns about rising money market rates and risky bank lending. European markets were under pressure after the European Central Bank (ECB) said banks would be subjected to more stringent stress tests. In corporate news, Dow component Caterpillar reported a slump in sales and earnings, noting that a slowdown in the mining sector has taken a bite out of heavy equipment manufacturing. Caterpillar shares were down 6 percent. Boeing, which is also in the Dow, rose 5 percent after the company reported a surge in quarterly profit and revenue as the aircraft manufacturer works its way through a backlog of orders. Northrop Grumman reported earnings and sales above expectations and raised its outlook for the year. AT&T reported earnings after the closing bell that topped forecasts. Sales were roughly in line with estimates. Shares of Broadcom sank 3 percent after the chipmaker said Tuesday that sales will be below analysts' expectations in the fourth quarter. The dollar gained ground against the euro, the pound, and the yen. Light sweet crude oil for December delivery dropped $1.44 to $96.86 a barrel on the New York Mercantile Exchange. Gold futures fell $8.60 to $1,334.00 an ounce. The Dow Jones industrial average lost 54.33, or 0.35 percent, to 15,413.33. The broader Standard & Poor's 500 index fell 8.29, or 0.47 percent, to 1,746.38. The technology-heavy Nasdaq composite index dropped 22.50, or 0.57 percent, to 3,907.07.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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