BUSINESS US stocks open lower as risk appetite eases

BUSINESS

US stocks open lower as risk appetite eases

Xinhua

00:18, February 11, 2020

exchange.png

File photo: AP

NEW YORK, Feb. 10 (Xinhua) -- U.S. stocks opened lower on Monday as investors' risk appetite eased.

Shortly after the opening bell, the Dow Jones Industrial Average was down 38.60 points, or 0.13 percent, to 29,063.91. The S&P 500 fell 4.54 points, or 0.14 percent, to 3,323.17. The Nasdaq Composite Index was down 7.67 points, or 0.08 percent, to 9,512.84.

However, the equities market soon pared losses.

Most of the 30 Dow component companies traded in green territory, with Boeing and Walgreens Boots Alliance adding 2.17 percent and 1.11 percent respectively, leading the gainers.

Nine of the 11 primary S&P 500 sectors traded higher with consumer discretionary adding 0.97 percent, leading the advancers.

U.S. Federal Reserve Governor Michelle Bowman said Monday the current setting of the central bank's monetary policy should help the U.S. economy continue to grow.

The Fed lowered interest rates three times in 2019, cutting the target range of the federal funds rate by 75 basis points to 1.5-1.75 percent.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue