Wall Street opens mostly lower

Economies.com
2018-05-25 14:50PM UTC

US stock indices opened the last session of the week mixed after earlier consumer confidence and durable goods data, while Federal Reserve Chair Jerome Powell participated earlier today in a panel discussion titled "The future of central banking?" at the Sveriges Riksbank Anniversary Conference, in Stockholm. 

 

Earlier US data showed durable goods orders fell 1.7% in April, compared to a 2.7% rise in March, and missing expectations of a 1.3% drop, while core orders accelerated to 0.9% from 0.1%, beating forecasts of 0.5%. 

 

University of Michigan's final reading for the consumer sentiment survey came at 98.8 in May, same as the preliminary and the April reading and in line with forecasts. 

 

As of 02:43 GMT, Standard and Poor's 500 inched down 0.13%, or 3.31 points to 2,724.45, while Dow Jones slipped 0.09%, or 22.38 points to 24,789.38. 

 

Tech-heavy NASDAQ rose 0.28%, or 21.08 points to 7,445.50. 

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