Wall Street opens lower after long weekend

Tuesday, 21. January 2020 15:30

Stocks on Wall Street started trading lower on Tuesday following the long holiday weekend in the United States. US President Donald Trump spoke at the World Economic Forum in Davos earlier in the day. Trump focused on the US economy in his remarks, highlighting the economy is "nothing short of spectacular" and criticizing the Fed for raising rates "too fast."

Meanwhile, the outbreak of a new contagious virus in China was in focus as four people were confirmed dead.

In the first moments of the session, the Dow Jones dipped 0.18% as Chevron led the losses. The S&P 500 was down 0.29% with Las Vegas Sands as the worst performer. The Nasdaq 100 fell 0.27%; Trip.com plunged over 13%.

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Author:
Breaking the News / JC