Wall Street opens mixed after US data

Thursday, 25. June 2020 15:30

Wall Street opened mixed on Thursday after data showed that the United States gross domestic product (GDP) fell 5% in the first quarter and the number of jobless claims increased to 47 million since the beginning of the pandemic. Meanwhile, new polls showed that President Donald Trump could lose his reelection bid in November to former Vice President Joe Biden while increasing coronavirus case numbers continued to worry investors.

The Dow Jones Industrial Average lost 0.49% in the first minute of trading, with Boeing dropping 3.40% at 9:32 am ET. The Nasdaq 100 gained 0.09% at 9:30 am ET as Nvidia Corp. rose 1.56% at 9:32 am ET. The S&P 500 declined by 0.18% as the trading day began. The index was led lower by the travel sector.

The euro fell 0.29% to $1.12173 against the dollar at 9:31 am ET.

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Author:
Breaking the News / VP