US stocks open lower on disappointing data

2021-03-03 15:43:59 GMT (Economies.com)
US stocks open lower on disappointing data

US stock indices opened lower on Wednesday, after the release of disappointing economic data.

 

Investors are focusing on the movement of the US Treasury bond yields and odds for further upside, which puts weighs down on stocks.

 

ADB data showed that the US private sector added 117,000 jobs during February, while expectations indicated that 203,000 jobs would be added.

 

US President Joe Biden stated that the US will have enough Covid-19 vaccines for every adult by the end of May.

 

As for stocks, Dow Jones fell 0.2% or 50 points to 31,342 as of 15:17 GMT, Nasdaq fell 1.5% or 208 points to 13,141, and S&P 500d dipped 0.8% or 30 points to 3,839.

 
 
 
  Symbol Last Change Chg.%
1.2061
0.0035
0.2877%
1.3878
-0.0075
0.5407%
Tadawul
10127.90
18.31
0.18%
26.108
0.317
1.227%
61.641
-1.537
2.433%
65.80
0.40
0.61%
1785.485
14.035
0.792%
 
 
US
 
Europe
 
Asia