Dow moves lower
Investing is hard enough, AllPennyStocks.com tries to simplify the whole process. Join our free email newsletter!
Under $0.25 Momentum Plays, One Of Many Features Available On AllPennyStocks.com Pro.
Try It Free For 14 Days!

Dow moves lower

January 11,2019 10:04 AM EST

Under $0.25 Momentum Plays, One Of Many Features Available On AllPennyStocks.com Pro.
Try It Free For 14 Days!

Stocks traded lower on Friday morning as the U.S. government shutdown dragged on while worries over a possible slowdown in China also pressured stocks.

The Dow Jones Industrial Average fell 120 points, or 0.5%, to 23,881, the S&P 500 fell 0.5%, and the Nasdaq was down 0.51%.

U.S. consumer prices slid 0.1% in December, dropping for the first time in nine months as gasoline prices fell, the Labor Department said. The consumer price index for all items was up 1.9% over the past 12 months.

Shares of Netflix Inc. rose 2.7% to $333.25 on Friday after an analyst at UBS raised his rating on the streaming giant to buy from neutral and lifted his price target to $410 from $400.

Starbucks Inc. fell 2.3% after Goldman Sachs cut its rating on the stock to "neutral," citing concerns over the pace of growth in China, where the world''s biggest coffee chain has targeted a significant expansion.

Earlier Friday, a reading of December inflation, the consumer-price index slipped 0.1%, to mark the first decline in nine months, the Labor Department said on Friday. That matched the forecast of economists polled.

The 10-year Treasury note yield fell 1.4 basis points to 2.717%, while the 2-year note yield also was off 1.4 basis points to 2.551%. The 30-year bond yield was down 0.5 basis point to 3.046%. Bond prices move in the opposite direction of yields.

West Texas Intermediate crude for February delivery edged up 32 cents, or 0.6%, at $52.91 a barrel.

Currencies

Other Penny Stock Movers

This Oil Stock Is Up 26% In The Last 3 Weeks & Looks Poised For Further Gains
Offering Yeoman Support in Fight vs. Diabetes: Decision Diagnostics
HIT Makes Big SPLASH With Best Buy Distribution
dynaCERT Makes Inroads in India


Back to Top