US stocks come under pressure to start the week

Economies.com
2021-10-18 14:26PM UTC

US stock indices opened mostly down on Monday, after the release of disappointing economic data.

 

Data showed today that the industrial production index fell by 1.3% during September.

 

The market is awaiting major earning reports in the coming days, especially in the tech sector, led by Apple, Microsoft, Google and Tesla.

 

Bearing in mind that the Federal Reserve meeting minutes showed that discussions about a plan to reduce asset purchases by $15 billion per month starting mid-November.

 

As for stocks, Dow Jones fell 0.3% or 115 points to 35,180 as of 13:54 GMT, and S&P 500 fell less than 0.1% or 3 points to 4,468, while Nasdaq rose 0.1% or 218 points to 14,915.

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