Wall Street opens mostly lower, all eyes on earnings

Monday, 21. November 2022 15:31

Major stock exchanges on Wall Street opened the trading session on Monday mostly lower as investors brace for another batch of financial reports, with Zoom and Dell scheduled to release their third-quarter earnings after the markets close.

The negative trend was seemingly driven by the slump in Chinese equities after the southern city of Guangzhou reinstated lockdowns due to the raging number of COVID-19 infections across the region, pushing the American currency to strengthen.

The Dow Jones Industrial Average rose 0.24% at the opening bell, with the Walt Disney Company pushing the index up by 8.49% following the news that Bob Iger will reassume the role of CEO.

The Nasdaq 100 tumbled 0.35% as JD.com plunged by 4.57%. The S&P 500 dropped 0.20% with Diamondback Energy sinking 5.70%. The euro lost 0.79% against the dollar, to change hands to $1.02443 at 9:24 am ET.

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Author:
Baha Breaking News (BBN) / AB