Stock market opens modestly lower to kick off the week as global growth fears weigh
Monday, 23 September 2019 20:49 WIB |
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U.S. stock-market indexes began Monday morning trade modestly lower, with investors wringing their hands over signs of weakening global growth and the potential for any international slowdown to weigh on domestic expansion.
The Dow Jones Industrial Average was down 93 points, or 0.4%, at 26,839, the S&P 500 index was off 0.2% at 2,985, while the Nasdaq Composite Index was trading at break-even levels, struggling, off 0.1% at 8,105.
Manufacturing data in the eurozone, PMIs, showed that sentiment was at a seven-year low, while PMIs, or purchasing managers' index was at a decade low in Germany. Trade concerns also remain a factor.
The cancellation of visits to farms in Montana and Nebraska by Chinese officials rattled stocks and stirred support for haven assets on Friday, as did remarks by President Donald Trump, who said he wanted a fully fledged deal with China rather than a limited agreement that addresses particular grievances. But officials said talks would continue in October, as planned, helping to soothe worries, analysts said.
Source : MarketWatch