Wall Street opens slightly lower ahead of jobs data

Tuesday, 06. April 2021 15:31

Stock indexes in the United States opened slightly below the flatline on Tuesday as traders awaited the Job Openings and Labor Turnover Survey (JOLTS) data set to be issued by the US Bureau of Labor Statistics. Yesterday, Democratic Senator Joe Manchin suggested that the corporate tax hike from 21% to 28% proposed by US President Joe Biden should be eased to 25%, hinting that the president's economic proposal may face obstacles in Congress even from Biden's fellow Democrats. Meanwhile, the US head of state will reportedly announce he will move up his original May 1 deadline for states to make all adult Americans eligible to get a coronavirus vaccine to April 19.

The Dow Jones Industrial Average index was down 0.19% at the open. American Express was the worst performer, losing 0.91% at 9:31 am ET. The Nasdaq 100 contracted by 0.23% and the S&P 500 declined by 0.14% in the first minute of trading as Paychex lead the losses at both indexes, falling 5.86% at 9:31 am ET.

The euro increased by 0.18% against the dollar to trade at 1.18330 at 9:29 am ET.

Related Links: 
Author:
Breaking the News / MS