Wall Street opens flat on economic data

Tuesday, 26. November 2019 15:30

United States equities started trading unchanged on Tuesday as investors digested the latest economic data. The country's Census Bureau reported wholesale inventories were up slightly compared to September, while trade deficit fell 5.7% on a monthly basis. The Federal Housing Finance Agency reported the housing price index increased 1.1% in the third quarter of 2019. Meanwhile, Robert Kaplan, president of the Dallas Federal Reserve said he expects a weak fourth quarter for the US economy.

The Dow Jones Industrial Average, the Nasdaq 100 and the S&P 500 opened flat. Walgreens Boots Alliance Inc. was the worst on the Dow, falling 1.22%. On the Nasdaq, the Dollar Tree tumbled 15.03%. Analog Devices Inc. dropped 3.10% on the S&P.

The euro was flat against the greenback to change hands for 1.10126 at 9:29 am ET. The pound slipped 0.35% at the same time, to sell for 1.28576 dollars.

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Breaking the News / MD