Wall Street opens lower with relief talks in focus

Tuesday, 04. August 2020 15:30

Major stock markets in the United States started trading below the flatline on Tuesday as the negotiations on the next coronavirus bill continue without a clear solution in sight. Meanwhile, the Federal Aviation Administration issued a proposal for the Boeing Co. 737 MAX's return to service. Concerning data, the Census Bureau's report on factory orders is expected to be released shortly after the open, while the quarterly earnings from Walt Disney Co. and Fox Corp. are set to be published after the market closes.

The Dow Jones Industrial Average and the Nasdaq 100 were both flat at the opening bell. Microsoft Corp. was the worst performer on the first index, while KLA Corp. fell the most on the second. The S&P 500 decreased 0.14% as Ralph Lauren Corp. dropped 6.22%.

The euro dropped 0.31% against the dollar at 9:29 am ET to trade for $1.17263.

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Author:
Breaking the News / MD