Wall Street closes mostly in red

Tuesday, 14. January 2020 22:00

Stock markets in the United States closed mostly in the red on Tuesday after it was reported that the US doesn't plan to remove tariffs on around $360 billion of Chinese imports before US presidential election in November. Meanwhile, the signing of phase one deal between the US and China remains on schedule for tomorrow.

On the data front, the US Bureau of Labor Statistics said the Consumer Price Index (CPI) for all items in the United States rose 2.3% on an annual basis in December. The National Federation of Independent Business (NFIB) reported that its index measuring optimism among small enterprises decreased in December at 102.7.

The Dow Jones Industrial Average grew by 0.11% at the end of the trading day with the Pfizer Inc as the best performer going up by 1.67%. The Nasdaq 100 was down 0.41% as MercadoLibre led the losses slipping 5.65%. The S&P 500 finished 0.15% in the red dragged down by Boston Scientific Corp's shares plunging 6.18%.

The euro was flat against the dollar selling for 1.11285 at 4:03 pm ET.

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Breaking the News / TF