Wall Street opens mostly lower

Economies.com
2018-04-18 14:08PM UTC

US stock indices opened the third session of the week mixed ahead of the Beige Book's release and speeches by several Fed governors, and amid the first-quarter earnings season for major American banks and corporations. 

 

US President Donald Trump tweeted that both Japan and South Korea want the US to return to the Trans-Pacific Partnership, a huge global free trade deal, but he said the US doesn't intend to go back to negotiations.  

 

Trump added the US prefers bilateral deals, for they are more effective and profitable, and more in the interest of workers in the US. 

 

Otherwise, White House adviser Larry Cudlow said the US wants to sign a free trade deal with Japan after solving some issues between the two countries. 

 

Cudlwo said President Trump and Japanese Prime Minister Shinzo Abe will discuss exempting Japan from the recent 25% tariffs on steel imports and 10% on aluminum. 

 

As of 02:02 GMT, Standard and Poor's 500 rose 0.08%, or 2.13 points to 2,708.52, while Dow Jones dipped 0.09%, or 21.33 points to 24,765.30. 

 

Tech-heavy NASDAQ slipped 0.07%, or 4.75 points to 7,276.84. 

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