Wall Street opens lower, dragged by energy sector
2017-11-14 16:04:20 GMT (Economies.com)
Wall Street opens lower, dragged by energy sector

US stock indices opened the second session of the week lower, led down by the energy sector, amid concerns about the differences between legislators on the subject of tax reforms, while the third-quarter earnings season draws to an end, following earlier data from the US, the world's largest economy. 

 

US producer prices rose 0.4% in October, beating expectations of 0.1%, and same as September, while core prices, excluding food and fuel prices, also rose 0.4%, same as before and passing forecasts of a 0.2% advance. 

 

Similarly, US Treasury Secretary Steven Mnuchin said earlier today he's not worries about whether the Senate tax reform bill could delay reforms, noting there were but small differences on tax cuts between the bills in the Senate and the House of Representatives, and asserting US president Donald Trump targets a growth rate of 3% or above for the economy. 

 

As of 04:28 GMT, Standard and Poor's 500 fell 0.52%, or 13.48 points to 2,571.51, while Dow Jones declined 0.58%, or 135.11 points to 23,304.59. 

 

Tech-heavy NASDAQ shed 0.48%, or 31.47 points to 6,725.89. 

 
 
 
  Symbol Last Change Chg.%
1.1839
0.0047
0.3994%
1.3295
0.0080
0.6042%
17.122
-0.191
1.100%
58.535
1.900
3.355%
63.52
-0.04
0.06%
1290.695
-3.665
0.283%
 
US
 
Europe
 
Asia