Stocks open lower on lingering worries over U.S.-China relations, weak retail sales
Wednesday, 16 October 2019 21:05 WIB | MARKET UPDATE |Saham AS
Stocks opened lower Wednesday, as tensions between the U.S. and China over Hong Kong protests weighed on efforts to complete a trade deal, and after a weak retail sales report offset better-than-expected corporate earnings reports.
The Dow Jones Industrial Average opened 44.7 points, 0.2%, lower, opening at 26,980.09, while the S&P 500 was off nearly 6 points at the open, 0.2% lower, to start trading at 2,989.74. The Nasdaq opened about 29.8 points, 0.4%, lower, at 8,118.8.
On Tuesday, the Dow rose 237.44 points, or 0.9%, to end at 27,024.80, while the S&P 500 advanced 29.53 points, or 1%, to close at 2,995.68, leaving it 1% away from its all-time closing high of 3,025.86 set on July 26. The Nasdaq Composite finished at 8,148.71 after gaining 100.06 points, or 1.2%.