Wall Street opens modestly lower

Economies.com
2017-02-06 15:32PM UTC

U.S. stock indices opened the week slightly lower after closing last week near record highs, amid constant wavering in the markets following the payrolls report and due to concerns about the new U.S. president's policies.
 
Wall Street drew support from upbeat jobs data last Friday, indicating a stable labor sector, while the U.S. administration plans to cut regulations on corporations, brightening the outlook.
 
However, negative pressure came after U.S. president Donald Trump banned visitors from seven countries, while corporations worry about his anti-trade deals stance, which offset the optimism in the markets and nudged stocks lower today.
 
The dollar rose today versus a basket of currencies, weighing on shares of American exporters, adding to Fed members' remarks about increasing interest rates three times this year.
 
Standard and Poor's 500 fell 0.15%, or 3.49 points to 2,293.93, while Dow Jones gained 0.07%, or 13.54 points to 20,085.00.
 
Tech-heavy NASDAQ shed 0.07%, or 3.75 points to 5,663.01.

American Markets News

Americas News

Markets

US stock indices edge up, Dow Jones heads for fifth straight session
2024-05-07 15:44PM UTC
US stock indices rose marginally on Tuesday amid focus on earnings results, with optimism about the ...
Americas News

Markets

US stock indices power up after payrolls report
2024-05-03 14:09PM UTC
US stock indices gained ground on Friday following the release of somewhat weak payrolls data for ...
Americas News

Markets

Wall Street climbs as markets assess Fed statement
2024-05-02 15:54PM UTC
US Stock indices rose on Thursday following important data, while investors assess the Federal ...