US opens mixed before Trump inks China deal

Wednesday, 15. January 2020 15:30

Stocks on Wall Street traded mixed at the opening bell on Wednesday after the United States Bureau of Labor Statistics reported that the Producer Price Index (PPI) for final demand in the United States increased by 0.1%.

At the same time, investors are waiting for the upcoming phase one trade deal signing between the United States and China that will take part in the White House later today. Also, the US Treasury Secretary Steven Mnuchin said that the US plans cancel additional tariffs to China in the second phase of the trade agreement, which will incorporate technology and cybersecurity issues.

The Dow Jones Industrial Average slipped 0.09% as the session started with JPMorgan Chase & Co growing 36.51%. The Nasdaq 100 grew 0.08% at the same time driven by Automatic Data Processing’s growth of 1.56 %. Meanwhile, the S&P 500 was flat at the opening bell. Perrigo Co Plc was the best performer that increased by 0.11%.

The euro gained 0.27% against the greenback, changing hands for 1.11592 at 9:31 am ET.

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Breaking the News / TF