US stocks open slightly lower on trade, earnings

Thursday, 14. November 2019 15:30

Equities on Wall Street started Thursday's trading session below the flatline as investors remained focused news relating to the United States-China trade war, as well as the economic data released today. Chinese Commerce Ministry asserted any potential trade deal between the world's two largest economies will have to remove some tariffs on imports. The Department of Labor reported initial jobless claims rose 14,000 to 225,000, while the producer price index increased 0.4% in October on a monthly basis.

Meanwhile, in business news, Walmart Inc. announced its revenue grew 2.5% to $128 billion in the third quarter. Viacom Inc.'s Q4 profits fell 1% year-on-year, to amount to $3.4 billion. Nvidia Corp. was expected to release its quarterly earnings after the market close.

The Dow Jones Industrial Jones was down 0.09% at the beginning of the session. Verizon Commuincations Inc. fell 0.76%. The Nasdaq 100 lost 0.25%, with Cisco Systems Inc. dropping 5.24%. The S&P 500 slipped 0.11%, as CF Industries Holdings Inc. surrendered 1.37%.

The euro and the pound were both flat against the dollar at 9:29 am ET to sell for 1.10046 and 1.28452 respectively.

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Breaking the News / MD