Wall Street opens mostly lower
2017-10-12 15:42:44 GMT (Economies.com)
Wall Street opens mostly lower

US stock indices opened the third session of this week lower but still near record highs, following a spate of data from the world's largest economy, which showed unemployment claims fell, as producer prices accelerated in September beyond forecasts. 

 

Both JPMorgan & Chase and City Group reported their results for the third quarter of 2017, besting expectations and starting off the earnings season on a good note, as markets now await speeches by Federal Open Market Committee members Lael Bernard and Jerome Powel. 

 

Earlier, US Treasury Secretary Steven Mnuchin said that tax reform plans aim to cut taxes on the middle class, while asserting his confidence in these reforms and expounding on President Donald Trump's plan to cut corporate taxes to 20% to prop up US competitiveness, adding that there hasn't been a final decision yet of whether to keep or sack the current Federal Reserve Chair Janet Yellen. 

 

As of 03:32 GMT, Standard and Poor's 500 shed 0.06%, or 1.44 points to 2,553.80, while Dow Jones dipped 0.03%, or 7.74 points to 22,865.15. 

 

Tech-heavy NASDAQ barely inched down 0.01%, or 0.35 points to 6,603.20. 

 
 
 
  Symbol Last Change Chg.%
1.1775
0.0009
0.0765%
1.3219
0.0033
0.2495%
16.993
-0.056
0.326%
52.075
0.040
0.077%
57.85
0.10
0.17%
1276.745
-3.800
0.297%
 
US
 
Europe
 
Asia