Wall Street starts muted amid lingering trade fears

Monday, 09. December 2019 15:30

Stocks in the United States were slightly lower on Monday as another week of trading kicked off on Wall Street. Traders seemed cautious regarding the prospect of a limited trade deal between the US and China following an optimistic end of the week which saw the major US indexes close at near-record highs.

The Ministry of Commerce of China stated earlier that Beijing is looking to seal a phase-one deal with Washington as soon as possible, promising that the country would lower tariffs further at an appropriate moment. However, investors seemed to be focused on comments from White House economic adviser Larry Kudlow who recently said that President Trump is not ready to sign a trade accord.

The Dow opened 0.18% in the red. Walgreens Boots Alliance declined 0.80% to top the worst performer list. The Nasdaq 100 started trading by declining by 0.07% with Ulta Beauty, which was among the best-performing stocks in the previous session, losing 2.25%. The S&P 500 slid 0.16% as the session opened as Occidental Petroleum retreated 2.67%.

The euro gained 0.12% against the greenback, changing hands for 1,10730 at 9:30 pm ET.

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Breaking the News / GG