Wall Street opens mostly lower

2018-10-11 15:52:04 GMT (Economies.com)
Wall Street opens mostly lower

US stock indices opened the fourth session of the week mixed, with Dow Jones and Standard and Poor's 500 continuing the path of losses after marking the steepest decline since February yesterday, while NASDAQ inched higher on short-covering. 

 

Earlier US data showed consumer prices rose 0.1%, slowing down from 0.2%, while core prices rose 0.1%, also missing estimates of 0.2%. 

 

On a yearly basis, consumer prices rose 2.3%, slowing down from 2.7%, while core prices rose 2.2%, below expectations of 2.3%. 

 

Unemployment claims rose 7 thousand in the week ending October 6 to 214 thousand, while continuing claims rose 4K in the week ending September 29 to 1.660 million.

 

In a Pennsylvania rally, US President Trump said the Federal Reserve has gone "crazy" with its latest rate hikes, while noting that stocks are undergoing a normal correction after a succession of record highs. 

 

The International Monetary Fund cut its forecasts for global growth for this year and the next for the first time in two years, with US and Chinese economies the most important downgrades alongside the euro zone due to rising trade protectionism. 

 

Stock Performance 

 

As of 02:53 GMT, S&P 500 fell 0.64%, or 17.89 points to 2,767.79, while Dow Jones fell 0.54%, or 137.90 points to 25,460.84. 

 

Tech-heavy NASDAQ rose 0.04%, or 2.92 points to 7,424.97. 

 
 
 
  Symbol Last Change Chg.%
1.1477
-0.0045
0.3901%
1.2991
-0.0081
0.6162%
14.761
0.129
0.878%
66.591
-2.691
3.884%
76.37
-3.46
4.33%
1231.965
5.260
0.429%
 
 
US
 
Europe
 
Asia