PT Solid Gold Berjangka | Wall St End Down After Recent Gains; Retailers, Tech Weak

01:22 22 November in Market, PT SGB, SOLID GOLD BERJANGKA | SOLID GROUP

SahamAS Wallstreet

Solid Gold Berjangka | U.S. stocks retreated on Tuesday and the S&P 500 snapped a five-session winning streak, with retailers down after some disappointing outlooks and technology shares falling.

Indexes stayed lower after minutes from the latest Federal Reserve meeting showed officials agreed to take a cautious approach to raising U.S. interest rates going forward.

U.S. central bank officials also said they would only need to hike rates if incoming information showed a lack of progress in lowering inflation, according to minutes from the Oct. 31-Nov. 1 meeting.

Stocks had been rallying, largely on the view that the Fed may be done hiking rates.

Shares of Nvidia (NVDA.O) slipped from an all-time high. The chipmaker was set to report quarterly results after the closing bell.

An index of semiconductors (.SOX) was down sharply along with the S&P 500 retail index (.SPXRT).

Among retailers, Kohl’s Corp (KSS.N) shares dropped after missing third-quarter sales estimates.

According to preliminary data, the S&P 500 (.SPX) lost 9.17 points, or 0.20%, to end at 4,538.22 points, while the Nasdaq Composite (.IXIC) lost 84.55 points, or 0.59%, to 14,199.98. The Dow Jones Industrial Average (.DJI) fell 62.18 points, or 0.18%, to 35,088.43.

In other retail news, Best Buy (BBY.N) shares slipped after the electronics retailer said it expects a steeper drop in annual comparable sales.

Source : Reuters,PT SGB, Solid Group, Solid Gold Berjangka