US stocks open lower on disappointing economic data

2020-12-02 18:47:49 GMT (Economies.com)
US stocks open lower on disappointing economic data

US stock indices opened lower on Wednesday, after the release of weak economic data, as Nasdaq and S&P 500 pulled back from their record highs.

 

ADB data showed today that the US private sector added 307K new jobs in November after adding 407K in October, missing forecasts of 433K.

 

The United Kingdom announced today granting of a license to Pfizer and BioNtech for the emergency distribution of their Covid-19 virus vaccine.

 

The World Health Organization stated that it is reviewing Pfizer's request to allow emergency use of its vaccine.

 

As for stocks, Dow Jones fell 0.2%or 70 points to 29,755 as of 15:00 GMT, Nasdaq fell 0.6% or 80 points to 12,275, and S&P 500d dipped 0.2% or 6 points to 3,655.

 
 
 
  Symbol Last Change Chg.%
1.2093
0.0028
0.2325%
1.3604
0.0055
0.4074%
Tadawul
8931.29
52.57
0.59%
25.201
0.295
1.185%
52.241
-0.059
0.113%
55.02
0.22
0.40%
1839.135
3.020
0.165%
 
 
US
 
Europe
 
Asia