Wall Street opens modestly lower

Economies.com
2017-02-06 15:32PM UTC

U.S. stock indices opened the week slightly lower after closing last week near record highs, amid constant wavering in the markets following the payrolls report and due to concerns about the new U.S. president's policies.
 
Wall Street drew support from upbeat jobs data last Friday, indicating a stable labor sector, while the U.S. administration plans to cut regulations on corporations, brightening the outlook.
 
However, negative pressure came after U.S. president Donald Trump banned visitors from seven countries, while corporations worry about his anti-trade deals stance, which offset the optimism in the markets and nudged stocks lower today.
 
The dollar rose today versus a basket of currencies, weighing on shares of American exporters, adding to Fed members' remarks about increasing interest rates three times this year.
 
Standard and Poor's 500 fell 0.15%, or 3.49 points to 2,293.93, while Dow Jones gained 0.07%, or 13.54 points to 20,085.00.
 
Tech-heavy NASDAQ shed 0.07%, or 3.75 points to 5,663.01.

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