U.S. stock market sees muted open to kick off weekly action
Monday, 4 February 2019 21:44 WIB |
MARKET UPDATE |DOW JONESS & P 500 Standard & Poor's 500Saham ASNasdaq
U.S. stocks on Monday saw subdued early trade after the Dow booked its sixth-straight winning week in the wake of a dovish pivot by the Federal Reserve and a strong January jobs report.
The Dow Jones Industrial Average was little changed at 25,043, the S&P 500 index was flat at 2,705, and the Nasdaq Composite Index was up 0.1% at 7,277.
Investors were looking ahead to another round of earnings and developments in U.S.-China trade talks. In corporate news, investors were watching shares of battery maker Maxwell Technologies Inc. after Tesla Inc. offered to purchase the company.
Last week, the Fed left rates unchanged and communicated policy that was more dovish than had been expected. That policy update preceded a Friday jobs report that far surpassed economists expectations, underpinning a labor market that remains strong.