Stock market turns higher in early Tuesday trade as Wall Street attempts to halt multi day skid
Tuesday, 13 August 2019 20:54 WIB |
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U.S. stock markets on Tuesday opened modestly higher as investors wrestled with trade wars and political clashes in Hong Kong and worries about Sino-American trade.
The Dow Jones Industrial Average traded 45 points, or 0.2%, higher at 25,950, after tumbling more than 390 points on Monday. The S&P 500 index rose 0.3% to 2,892, while the Nasdaq Composite Index advanced 0.5% to 7,900.
A selloff in Hong Kong stocks accelerated, with the Hang Seng Index falling 2.1% amid continued unrest. Protesters thronged Hong Kong International Airport for a second day in a row Tuesday and have been protesting for the past 10 weeks, amid calls for an independent inquiry into alleged police abuses.
In economic news, the consumer-price index, a key measure of inflation, rose a seasonally adjusted 0.3% last month from June and 1.8% from July 2018, the Labor Department said. Economists had expected a rise 0.3% on the month.
Source : MarketWatch