U.S. Stocks Open Mixed as Investors Await Key Services Data
Thursday, 3 October 2019 20:46 WIB |
MARKET UPDATE |S & P 500Saham ASWallstreet
U.S. stocks open mixed on Thursday after key equity benchmarks logged their biggest single-day decline since Aug. 23 on Wednesday.
The S&P 500 was down less than 0.1% to around 2,886. The Dow Jones Industrial Average declined 5 points, or less than 0.1%, to 26,074. The Nasdaq Composite was up 0.1% to 7,797.
Investors are waiting for a key update of the services sector's health, with the Institute for Supply Management's non-manufacturing gauge due at 10 a.m. Eastern.
Renewed attention on economic data come after a weaker-than-expected reading in the ISM's manufacturing counterpart raised growth worries, and that the economy was nearing a recession.
In corporate news, shares of PepsiCo Inc. rose after the snacks and beverage maker said that third-quarter profits fell less than analysts expected.
Source : Market Watch