Wall Street opens lower amid US-EU trade tensions

Thursday, 03. October 2019 15:30

Markets in the United States opened mostly lower but most of them soon turned positive on Thursday as trade tensions intensified after the US announced 25% tariffs on $7.5 billion worth of imports from the European Union, including cheese, French wine, Scottish and Irish whiskeys, after the World Trade Organization (WTO) ruled the EU subsidies to Airbus were illegal. Elsewhere, investors digested PepsiCo earnings and awaited results from Costco due after the bell.

The Dow Jones Industrial Average declined 0.15% at 9:30 am ET. JP Morgan was the worst performer as its shares slid 0.96% at 9:31 am ET.

The Nasdaq 100 gained 0.18% at 9:33 am ET as PepsiCo jumped 2.93% on better-than-expected earnings.

After dipping 0.08% on open, the S&P 500 added 0.09% at 9:37 am ET. Activision Blizzard led the gains, climbing 2.50% at 9:46 am ET.

The euro was down 0.05% against the dollar to sell for 1.09544 at 9:39 am ET.

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Breaking the News / NP