US stocks open lower with Middle East in focus

Tuesday, 17. September 2019 15:30

United States stock markets started Tuesday's trading session in the red as investor focus remained on the crisis in the Middle East. Uber Technologies Inc.'s subsidiary Uber Freight was reportedly scaling up its system to allow truckers to book several loads at once. The National Broadcasting Company (NBC) announced it would launch its streaming service, named Peacock, in April next year.

On data, the Federal Reserve released its monthly report on industrial production in the country, while the National Association of Home Builders was expected to publish NAHB Housing Market Index shortly after the market open.

The Dow Jones Industrial Average slipped 0.25%, as 3M Co. lost 1.65%. The Nasdaq 100 was virtually unchanged with Kraft Heinz Co. tumbled 3.86%. The S&P 500 was down 0.09% as Bank of New York Mellon Corp. lost 2.95%.

The euro rose 0.29% against the dollar at 9:29 am ET, changing hands for $1.10336. At the same time, the pound was flat at $1.24275.

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Breaking the News / MD