Wall Street starts lower due to economy-related concerns

Wednesday, 02. October 2019 15:30

The United States stock markets opened bellow the flatline on Wednesday after yesterday's weaker-than-expected manufacturing data. The ADP National Employment Report showed the private sector employed 145,000 new workers on average in the last three months, down from 214,000 for the same period last year. The World Trade Organization was expected to make a ruling on Washington's right to retaliate against the European Union over the bloc's Airbus SE subsidies.

The Dow Jones Industrial Average was down 0.51% at the start of the session, with Cisco Systems Inc. declining 2.01%. The Nasdaq 100 slipped 0.74% as Monster Energy Corp. plunged 3%. The S&P 500 lost 0.53% concurrently. Activision Blizzard Inc. surrendered the most, trading 3.86% lower.

The euro was up just 0.07% against the dollar at 9:29 am ET, changing hands for $1.09406, while the pound dropped 0.21% to $1.22811 at the same time.

Related Links: 
Breaking the News / MD