Wall Street mixed at the open
2017-01-05 16:21:14 GMT (Economies.com)
Wall Street mixed at the open

U.S. stock indices opened with mixed results on Thursday as investors assess the chances of rate hikes in 2017, after the Federal Reserve's meeting minutes showed how wary policymakers are towards President-elect Donald Trump's economic policies.
 
As of 15:49 GMT, Dow Jones shed 31.65 points, or 0.16% to 19,910.51, while Standard and Poor's 500 inched down 2.12 points, or 0.09% to 2,268.63. NASDAQ Composite climbed 9.31 points, or 0.18% to 5,486.72.
 
Wall Street rose for the second straight session yesterday, buoyed by energy and commodity shares.
 
Earlier U.S. data showed the economy has added 153 thousand new jobs in the private sector, down from 215K in November, and missing expectations of 171K.
 
Unemployment claims fell to 235 thousand in the week ending December 31, compared to 263K in the previous reading, while the ISM services PMI rose to 57.2 in December, besting expectations of 56.6.
 
The Fed released the minutes of its December 13-14 meeting yesterday, at which FOMC members voted to increase interest rates by a quarter point, which showed policymakers still believe a gradual path of rate hikes is the most appropriate for the economy, while the fiscal path under Donald Trump remains vague to most Fed members.

 
 
 
USD to Arab Currencies
Yemen249.9500
UAE3.6728
Tunisia2.2724
Syria514.9800
Sudan6.4077
Saudi Arabia3.7488
Qatar3.6405
Oman0.3848
Morocco9.9720
Libya1.4283
Lebanon1505.4000
Kuwait0.3048
Jordan0.7080
Iraq1181.0000
Egypt18.6000
Bahrain0.3769
Algeria109.4030