Monday, October 26, 2020

US Stocks opens lower on weaker retail data

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

US stocks opened lower Thursday amid expectations of a sharp slowdown in economic activity by the end of 2018 due to an unexpected drop in retail sales in December, which cast a shadow over hopes for a breakthrough in US-China trade talks.

 

The Dow Jones industrial average fell 82.62 points, or 0.32 percent, to 25460.65 points.

 

The Standard & Poor’s 500 Index SPX shed 9.53 points, or 0.35 percent, to 2743.50 points.

 

The Nasdaq Composite Index shed 30.13 points, or 0.41 percent, to close at 7,390.25.

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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