Saturday, January 16, 2021

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.

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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.

 

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

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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]
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