Wall Street lower as Iran worries persist, Dow down 150 pts

Monday, 08. July 2019 15:30

Wall Street opened with losses on Monday after Iran said it enriched uranium to 4.5%, exceeding the 3.67% allowed in the Joint Comprehensive Plan of Action (JCPOA). Shortly before the bell, Treasuries were higher and tech stocks declined in premarket trade, with the sentiment continuing even after the markets opened. Meanwhile, investors are awaiting a testimony of Federal Reserve Chair Jerome Powell later in the week.

The Dow Jones Industrial Average fell by 150 points and lost 0.50% in the first minute of trading. Apple slipped 2.32% at 9:46 am ET after analysts from Rosenblatt Securities downgraded the stock to sell.

The Nasdaq 100 declined 0.79% at 9:32 am ET. NetApp dropped 3.64% and JD.com fell 2.32% at 9:34 am ET.

The S&P 500 was down by 0.52% at 9:32 am ET.

The euro was 0.08% lower against the dollar, going for 1.12182 at 9:43 am ET. The pound lost 0.22% against the greenback to go for 1.25014 at 9:44 am ET while the dollar rose 0.18% compared to the yen to change hands at 108.6680 at 9:45 am ET.

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Breaking the News / VP