US stock markets remain in the red after opening bell

Thursday, 21. February 2019 15:36

United States stock exchanges failed to rebound after weak premarket trade on Thursday, losing more valuation after the opening bell. A recently published new batch of US data showed relatively weak durable goods orders as well as the underperforming initial job index. The fall in Treasuries moved yields higher and the curve flattened somewhat, meaning that short-term borrowing costs grew more than those for longer maturities. Market watchers continue to wait for the developments in the Washington-Beijing trade talks.

The Dow Jones Industrial Average dropped 0.14% dragged down by Walgreens' shares losing 10.78%. The Nasdaq 100 was reduced by 0.18% mainly due to a 4.07% drop in the value of Synopsys Inc. stock. Meanwhile, the S&P 500 lost 0.18% as CVS Health Corp. plummeted 8.1%.

The euro gained against the dollar, changing hands for 1.1348 at 9:36 am ET.

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Author:
Breaking the News / MA