Dow Drifts Lower at The Open as Record Rally For The Broader Market Peters Out in Early Action
Wednesday, 24 April 2019 21:03 WIB |
MARKET UPDATE |DOW JONESS & P 500SahamAS
U.S. stocks saw a subdued open Wednesday morning as investors appeared to take a breather after key equity indexes notched records a day earlier, with Wall Street digesting a barrage of quarterly results.
The Dow Jones Industrial Average fell 24 points, or 0.1%, at 26,635. Dow component Boeing Co. said it would take an initial hit of more than $1 billion on the global grounding of the 737 MAX aircraft, in the aftermath two fatal crashes of the popular commercial jet. Meanwhile, the S&P 500 index was virtually unchanged at 2,932, the Nasdaq Composite Index edged up 0.1% at 8,125, after both indexes finished Tuesday's session at all-time highs. A number of earnings were featured earlier Wednesday, including from Boeing and industrial giant Caterpillar. After the close, investors await quarterly results from Microsoft Corp. MSFT, -0.68% and Facebook Inc. among others, as earnings seasons picks up steam.
Source : Marketwatch