Wall Street opens slightly lower amid data reports

Wednesday, 07. April 2021 15:31

Major stock markets in the United States opened modestly below the flatline on Wednesday after Census Bureau revealed the trade deficit rose by 4.8% to a record $71.1 billlion in February, compared to the month before. Both exports and imports dropped in volume by 2.6% and 0.7% respectively. The investors are also anticipating the release of the Federal Open Market Committee's minutes.

Dow Jones opened 0.08% in the red as Honeywell International dropped 0.06%, while S&P slid 0.01% with Lamb Weston plummeting 3.20%. The Nasdaq 100 lost 0.15% led by Pinduoduo falling 4.70%.

The euro gained 0.16% against the dollar to trade for $1.18951 at 9:29 am ET.

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Breaking the News / LH