Wall Street opens mostly lower with spotlight on data

Wednesday, 25. November 2020 15:31

Stock indexes in the United States opened the trading session mostly lower on Wednesday as investors digested the figures from the latest batch of economic data. US Census Bureau and US Bureau of Economic Analysis revealed that the country's trade deficit increased to $80.3 billion in October, that the GDP soared at a record-crushing 33.1% pace in the third quarter, and that the new orders for manufactured durable goods rose by 1.3% month-on-month in October. US Labor Department reported that the number of initial jobless claims reached 778,000, the highest level in five weeks.

The Dow Jones Industrial Average index decreased by 0.30% at the open, with JPMorgan Chase losing the most, 1.39%, at 9:33 am ET. The Nasdaq 100 was up 0.23% in the first minute of trading as Autodesk led the gains, rising by 3.05% at 9:33 am ET. The S&P 500 was down 0.13% as the markets opened with Gap plunging 17.79% at 9:32 am ET.

The euro was flat compared to the dollar, trading at 1.18965 at 9:29 am ET.

Related Links: 
Breaking the News / MS