Wall Street opens lower on trade concerns

US stock indices opened the second session of the week lower after a spate of data from the US, while President Donald Trump threatened to carry on adding new tariffs on Chinese imports, hurting prospects of a solution to the trade crisis between the world's two largest economies. 

Federal Reserve Governor Richard Clarida spoke about data dependence and monetary policy at The Clearing House and Bank Policy Institute's Annual Conference, in New York, where he noted gradual rate hikes are still the appropriate path for monetary policy, with data supporting the direction of normalizing policies as the labor sector strengthens and wages rise. 

An index tracking US house prices rose 0.2% in September, slowing down from 0.4% in August, while the S&P House Price Index rose 5.1% y/y, slowing down as well from 5.5% in August and missing expectations of 5.3%. 

An index tracking US consumer confidence fell to 135.7 in November from 137.9 in October, missing estimates of 136.2. 

Stock Performance 

As of 03:52 GMT, Standard and Poor's 500 shed 0.06%, or 1.71 points to 2,671.74, while Dow Jones slipped 0.30%, or 73.57 points to 24,566.67. 

Tech-heavy NASDAQ inched down 0.05%, or 2.87 points to 7,078.89.