US stocks mixed in early trading

Economies.com
2021-06-08 14:24PM UTC

US stock indices open mixed on Tuesday, amid anticipation of more key US economic data later this week.

 

The US goods and services deficit fell by 8.2% to $68.9 billion in April from $74.4 billion in March.

 

US inflation data this week will be an important focus to gauge inflationary pressures, which have been showing signs of rising recently and been weighing down on US stocks and bond markets. 

 

US Treasury Secretary Janet Yellen said President Joe Biden's $4 trillion spending plan would be good for the US, even if it contributes to rising inflation and results in higher interest rates.

 

As for stocks, Dow Jones fell 0.2% or 75 points to 34,556 as of 14:22 GMT, and S&P 500 fell 0.1% or 2 points to 4,225, while Nasdaq rose 0.4% or 55 points to 13,936.

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