US stocks open lower amid political uncertainty
US stock indices opened lower on Wednesday, despite positive economic data, as Wall Street is focusing on the latest political developments.
Democrats in the US Congress are pushing to impeach President Donald Trump and called on Vice President Mike Pence to invoke the 25th Amendment to remove Trump, but Pence dismissed this step.
Trump described the House of Representatives and its speaker Nancy Pelosi's attempts as unacceptable and ridiculous, adding that the country could be face instability if gets removed from office.
Data showed today that the US consumer price index rose in by 0.4% during December.
As for stocks, Dow Jones fell 0.2% or 135 points to 31,016 as of 15:07 GMT, and S&P 500 fell 0.2% or 6 points to 3,795, while Nasdaq held at 13,073.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.2116
|
0.0052
|
0.4269%
|
|
|
|
|
1.3669
|
0.0120
|
0.8838%
|
|
|
|
Tadawul
|
8878.30
|
-29.61
|
0.33%
|
|
|
|
|
25.785
|
0.879
|
3.531%
|
|
|
|
|
53.056
|
0.756
|
1.446%
|
|
|
|
|
56.08
|
-0.23
|
0.41%
|
|
|
|
|
1868.110
|
31.995
|
1.742%
|
|
