Wall Street opens lower on earnings, data

Tuesday, 14. July 2020 15:30

Major stock markets in the United States opened lower on Tuesday after companies such as Delta Air Lines, Wells Fargo, and Citigroup reported losses in their second-quarter revenues. Meanwhile, the Bureau of Labor Statistics (BLS) revealed the Consumer Price Index (CPI) in June increased by 0.6% year-on-year.

The Dow Jones Industrial Index traded 0.14% lower at the opening bell as The Walt Disney Company decreased by 1.22%. The Nasdaq 100 fell by 0.88% with Ross Stores declining by 2.37%. The S&P 500 lost 0.43% as Mohawk Industries Inc. dropped by 9.58%.

The euro rose by 0.21% compared to the dollar, with the exchange rate of 1.13680 at 9:27 am ET.

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Breaking the News / JR